ASIC, the financial and business regulator in Australia, has received federal funding to implement a new cyber threat intelligence platform. This platform will improve information collection and detection of internal and external cyber threats. ASIC is also exploring the use of emerging technologies such as artificial intelligence, machine learning, big data, and coding and cyber protection tools. The regulator has been advised to improve its IT and data capabilities and approach to introducing new systems. In May 2024, the Australian Business Registry Services will be transferred to ASIC.
