Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

ASIC Upgrades Tech to Tackle Financial Crime

June 17, 2024
Reading Time: 2 mins read
in News
ASIC Upgrades Tech to Tackle Financial Crime

The Australian Securities and Investments Commission (ASIC) has identified a pressing need to enhance its digital capabilities to more effectively combat financial misconduct. Chair Joe Longo emphasized to the Parliamentary Joint Committee on Corporations and Financial Services that investment in advanced technology is crucial for regulators to keep pace with evolving financial crime. The Financial Regulator Assessment Authority (FRAA) has recommended a significant upgrade in ASIC’s data and technology capabilities, a suggestion that ASIC is now acting upon.

Longo indicated that ASIC is committed to improving its digital infrastructure, having secured initial funding in the recent federal budget to bolster its cyber security and regulatory systems. The regulator plans to implement several initiatives, including a new ‘threat intelligence platform’ designed to enhance real-time detection of cyber threats and improve information collection.

The rationale behind this technological boost is the increasing volume of data that ASIC investigators must analyze to unravel complex financial crimes. Longo noted that the current process is labor-intensive and heavily reliant on manual efforts, which slows down investigations and makes it difficult to connect disparate data sets.

By investing in advanced analytics and creating a unified view of entities, ASIC aims to expedite the investigation process and enhance its ability to identify and address financial misconduct. This upgrade is expected to not only speed up the relief process for victims but also serve as a deterrent to potential offenders.

Reference:

  • Australian ASIC Pushes for Tech Boost to Combat Financial Crimes
Tags: ASICAustraliaCyber NewsCyber News 2024Cyber threatCyber threatsJune 2024Threat Intelligence
ADVERTISEMENT

Related Posts

Ex CIA Analyst Guilty Of Leaking US Secrets

Ex CIA Analyst Guilty Of Leaking US Secrets

June 18, 2025
Ex CIA Analyst Guilty Of Leaking US Secrets

Coralogix Gets $115M To Boost Its AI Agent

June 18, 2025
Ex CIA Analyst Guilty Of Leaking US Secrets

UK Fines 23andMe $3M For Major Data Breach

June 18, 2025
UK Romance Scams Net Fraudsters $144 Million

Google Launches AI To Fight Scams In India

June 17, 2025
UK Romance Scams Net Fraudsters $144 Million

UK Romance Scams Net Fraudsters $144 Million

June 17, 2025
WhatsApp Status Ads Arrive With Privacy Vow

WhatsApp Status Ads Arrive With Privacy Vow

June 17, 2025

Latest Alerts

New Linux Flaws Allow Easy Root Access

Google Fixes GerriScary Supply Chain Flaw

Langflow Flaw Delivers Flodrix DDoS Botnet

Water Curse Group Hits Developers Via GitHub

XDSpy Exploits Windows LNK Zero Day

CISA Warns Of Apple Zero Click Exploit

Subscribe to our newsletter

    Latest Incidents

    Scania Insurance Data Stolen In Partner Hack

    Pro Israel Group Claims $81M Nobitex Hack

    Hacker Sells Data Of 1M Cock.li Users

    Zoomcar Data Breach Hits 8.4 Million Users

    Qilin Gang Leaks Asefa FC Barcelona Data

    Gunra Claims 45TB Hack On Colombia Justice

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial