Entireti to fight ASIC in court over alleged cyberbreach
Entireti will defend allegations by the regulator that its subsidiary Fortnum Private Wealth had insufficient cybersecurity standards in place to protect client data, after information about 9000 clients was exposed to the dark web. The country’s largest owner of licensees will contend that FPW upheld its regulatory obligations and the cyberbreach was isolated to one practice that had its systems approved by a third-party expert.
Licensees