Australian Securities and Investments Commission v FIIG Securities Limited [2026] FCA 92
In ASIC v FIIG Securities Limited [2026] FCA 92, the Federal Court imposed a $2.5 million penalty for systemic cybersecurity failures under FIIG’s AFSL obligations. The decision confirms that cybersecurity is a core licensing, resource and risk-management issue requiring effective controls, skilled personnel and board-level oversight.
