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Australia Leading Case professional negligencedata protectionbanking and finance

ASIC v RI Advice Group Pty Ltd

[2022] FCA 496
JurisdictionAustralia
CourtFederal Court of Australia
Year2022
StatusBinding authority

Summary

A financial services licensee breached its statutory duty to act efficiently and fairly by failing to implement adequate cybersecurity measures to protect client data.

Key Principle

The FCA held that a financial services licensee breached its obligations by failing to implement adequate cybersecurity measures; the duty to act efficiently and fairly extends to protecting client data from cyber threats.

Area of Law

data-protection

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Re SingHealth [2019] SGPDPC 3

Singapore's largest data breach involving 1.5 million patient records held to constitute breach of PDPA protection obligation due to systemic IT security failings.

Lloyd v Google LLC [2021] UKSC 50

Representative actions under CPR 19.6 cannot proceed for DPA 1998 damages where class members' claims depend on individual circumstances, failing the 'same interest' requirement.

R (Bridges) v Chief Constable of South Wales Police (Facial Recognition) [2020] EWCA Civ 1058

Police deployment of automated facial recognition technology engages Article 8 ECHR and requires sufficiently precise legal authority, necessity, and proportionality; the existing framework was inadequate.

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