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Fintech cyber risk pushes ANZ to consider defences

Fintech cyber risk pushes ANZ to consider defences

ANZ Banking Group has considered calling in external help to manage the growing cyber-security risk posed by sharing sensitive customer data with fintech start-ups.

  • Shared by Financial Review
  • March 14, 2019
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Concerns within ANZ over its cyber defences have increased before new prudential regulations that will hold bank directors personally responsible for the security of data shared or managed externally, observing the government's mandatory data breach reporting laws and managing the "open banking" regime, which will facilitate banking data being provided to accredited outside parties.

Read more at the Financial Review

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