Australian regulator sues RI Advice for cyber security lapses

August 22, 2020 • In The Media
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The regulator said the action followed several alleged cyber breach incidents at certain authorised representatives (ARs) of RI, including an alleged cyber breach incident at Frontier Financial Group as trustee for The Frontier Trust from December 2017 to May 2018.
Aaron Tan, ComputerWeekly

In a notice of filing, the ASIC said on about 3 January or 3 March 2017, RI became aware of a cyber security incident involving its then AR, Anthony Hilsley, who was a financial adviser and principal and director of Superannuation Advisory Service trading as Wise Financial Planning.