Meeting hacking demands

Outsider/

27 May 2022
| By Outsider |
image
image image
expand image

With cybersecurity top of mind for the regulator after the RI Advice case, Outsider was reminded of one of the most-famous cybersecurity hacks. 

This was the hack of Canadian ‘personal’ site Ashley Madison in 2015 which saw names, addresses and credit card information stolen from 30 million users by ‘Impact Team’ and revealed online in a large-scale data dump. 

Outsider wasn’t aware this type of website existed but his learned friends inform him that it was a social networking people for married people who were looking to have affairs. 

Certainly not the type of information that one would want to see leaked online and Outsider can imagine there would have been a lot of awkward conversations around the kitchen table that morning. 

Outsider can’t decide which would be worse; dealing with a hacker demanding a ransom of thousands of dollars or an angry wife demanding an divorce?

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

6 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

8 months ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 weeks 6 days ago

The Federal Court has made interim travel restraint orders against two Falcon Capital directors, while also freezing one director’s assets....

4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
85.26 3 y p.a(%)
5