Deloitte luanches Cyber Intelligence Centre
Deloitte has launched a Cyber Intelligence Centre in Australia under the leadership of the man who developed the concept, James Nunn-Price, amid what it describes as growing threats.
The new centre has been described as the Australasian arm of Deloitte's chain of Cyber Intelligence Centres.
Commenting on the launch, Deloitte Cyber Risk Services partner in Australia, Tommy Viljoen said the threat to Australia's cyber security was growing in severity.
"The average cost of a data breach per Australian organisation is more than $2.5 million a year and rising," he said.
"Given there is no legislation for breach notification in Australia and that most organisations are focussed on prevention as opposed to detection, there is significant under-reporting of cyber breaches in Australia."
The national Cyber Intelligence Centre will link in with Deloitte's existing Cyber Intelligence Centres in the UK, Europe, Canada and the United States.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
