Latest Australia Headlines
All the headlines from our Australia Topic Page, ordered by recency.
Regulator Tells Australian Banks to Boost Cyber-Attack Defenses
Mar 28 2023 // Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent review uncovered a “lack of rigor” in the nature...
Australian Lender Latitude’s Shares Slump After Hack Details Emerge
Mar 22 2023 // Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole...
Australia’s Latitude Group and IPH Hit by Cyber Attacks, Continuing Wave of Hacks
Mar 16 2023 // Digital payments firm Latitude Group Holdings and intellectual property services provider IPH Ltd. reported data breaches on Thursday, joining a host of other Australian firms targeted by hackers in recent months. Some of...
Lockton Launches Affinity Biz in Australia, New Zealand and Pacific, Led by Dasgupta
Feb 20 2023 // Lockton, the world’s largest privately owned insurance brokerage, announced the launch of an Affinity Schemes business in Australia, New Zealand and Pacific. The business will be led by Tanya Dasgupta who recently...
Australia’s Health Care System Prime Target for Cyber Attackers: Minister
Jan 24 2023 // Australia’s hospitals and health care system are at a high risk from cyberattackers targeting citizens’ personal data, the home affairs minister said, adding the country needed to step up its efforts to combat...
BMS Acquires Australian Specialist Austbrokers Coast to Coast
Jan 18 2023 // Global specialty insurance and reinsurance broker BMS reports it has acquired Austbrokers Coast to Coast (C2C), a specialist Australian corporate, business, and retail broker, effective 17 January. BMS is acquiring C2C in...
Australia Proposes Plan to Make Biggest Polluters Slash Emissions
Jan 10 2023 // Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven years, with some leeway for trade-exposed industries, such as aluminum and...
Arthur J. Gallagher & Co. Acquires Aviation Insurance Australia
Dec 15 2022 // Arthur J. Gallagher & Co., the global insurance broker, announced the acquisition of Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation...
TPG Telecom Joins Growing List of Australian Companies Hit by Cyber Attacks
Dec 14 2022 // Internet services provider TPG Telecom Ltd. became the latest Australian company to fall victim to a high-profile cyberattack, announcing on Wednesday that the emails of up to 15,000 of its corporate customers had been...
Australia’s Financial Services Firms Failing to Narrow Gender Pay Gap: Report
Dec 12 2022 // Australian employers are failing to narrow the pay gap between men and women, with finance firms among the worst offenders. Females earned 22.8% less than males, the first time that progress has stalled since the...
Data on Natural Disaster Risks Crucial for Australia’s Climate Resilience
Dec 5 2022 // Public data on natural disaster risks for homeowners and businesses will be crucial for making Australia’s economy more resilient to climate change, according to the head of sustainable finance at National Australia...
Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
Dec 1 2022 // Howden, the London-based insurance broker, announced it has increased its shareholding to 100% in AlphaXO Risk Partners, an Australian specialty insurance broker. Financial details of the deal were not...
Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest
Nov 23 2022 // The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Envest Pty Ltd., an Australian insurance investment and distribution business. Headquartered in Brisbane,...
Australia’s Extreme Weather Events to Worsen as Climate Warms: Report
Nov 23 2022 // Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and more rapidly rising sea levels, according to the government’s chief science and...
3 Australian Banks Settle Class Action Lawsuits Over Sale of Credit Insurance Products
Nov 14 2022 // Three of Australia’s “big four” banks settled separate class action lawsuits for A$126 million ($84.51 million) with Slater & Gordon, who took the banks to court two years ago over sale of credit...
Abortions, Drug Use Exposed in Cyber Attack on Australian Health Insurer Medibank
Nov 14 2022 // When the Australian health insurer Medibank Private Ltd. was hit with a ransomware attack last month, it provided regular updates to its customers, including the revelation that personal information from nearly 10 million...
Data Stolen From Australian Health Insurer Medibank Posted on Dark Web
Nov 9 2022 // Data stolen from an Australian health insurer, including the names, addresses and birthdates of hundreds of customers, has been posted to a forum on the so-called dark web. The files appear to be a sample of the data that...
Australian Corporate Watchdog Investigates Firms for ‘Greenwashing’
Nov 8 2022 // Australia’s corporate watchdog is investigating several companies and financial institutions for “greenwashing,” or exaggerated claims regarding environment-friendly investment and products, a senior...
Cyber Attack on Australian Insurer Medibank Far Bigger Than Initially Thought
Nov 7 2022 // A hack on an Australian health insurer appears to be far larger than initially suspected, with the company saying it will refuse to pay a ransom for the theft of data. The attack on Medibank Private Ltd. exposed the data...
Insured Losses for Australia’s October 2021 Storms Estimated at A$972M: PERILS
Oct 31 2022 // Insured losses for the severe storms, which hit Southern Australia on Oct. 28-30, 2021, are estimated at A$972 million (US$623.1 million), according to PERILS, the independent Zurich-based organization that provides...
