Bennett Jones LLP (JD Supra Australia)
Australian Securities Exchange Selects Distributed Ledger Technology to Replace CHESS
Amidst the frenzy surrounding the rapid appreciation of cryptocurrency values it is easy to forget that the technology underlying crypto—blockchain or distributed ledger technology (DLT) —may ultimately be the real story. The Australian Securities Exchange (ASX) announced in early December it will be replacing its legacy clearing, settlement and asset registration system known as CHESS with a...
Naughty Secrets – Findings in the Ashley Madison Breach
A quote attributed to FBI Director Robert Mueller is, “There are only two types of companies: those that have been hacked and those that will be”. The assessment of the Ashley Madison cyber-attack has lessons for all organizations who may face this risk.
Australia Changes Privacy Act to Apply to Foreign Websites
Effective March 12, 2014, Australia will adopt new legislation which will require compliance by Canadian businesses that have a website and collect personal information from Australians, or have an Australian link. Software developers and distributors will also need to ensure any applications used in Australia have built-in privacy protections, or alternatively, transparent disclosures. Cloud-base