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<oembed><version>1.0</version><provider_name>Australian Cyber Security Magazine</provider_name><provider_url>https://australiancybersecuritymagazine.com.au</provider_url><author_name>admin</author_name><author_url>https://australiancybersecuritymagazine.com.au/author/admin/</author_url><title>ASIC alleges inadequate cyber security systems following cyber breach &#x2013; commences proceedings - Australian Cyber Security Magazine</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content"&gt;&lt;a href="https://australiancybersecuritymagazine.com.au/asic-alleges-inadequate-cyber-security-systems-following-cyber-breach-commences-proceedings/"&gt;ASIC alleges inadequate cyber security systems following cyber breach &#x2013; commences proceedings&lt;/a&gt;&lt;/blockquote&gt;
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&lt;/script&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://australiancybersecuritymagazine.com.au/asic-alleges-inadequate-cyber-security-systems-following-cyber-breach-commences-proceedings/embed/" width="600" height="338" title="&#x201C;ASIC alleges inadequate cyber security systems following cyber breach &#x2013; commences proceedings&#x201D; &#x2014; Australian Cyber Security Magazine" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;</html><thumbnail_url>https://australiancybersecuritymagazine.com.au/wp-content/uploads/2020/08/ASIC.jpg</thumbnail_url><thumbnail_width>397</thumbnail_width><thumbnail_height>118</thumbnail_height><description>Friday 21 August 2020 ASIC has today commenced proceedings in the Federal Court of Australia against RI Advice Group Pty Ltd (RI), an Australian Financial Services (AFS) licence holder, for failing to have adequate cyber security systems. In a statement, ASIC&#x2019;s action follows a number of alleged cyber breach incidents at certain authorised representatives (ARs)Read More</description></oembed>

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