ASIC
ASIC has released its third publication on information lodged under the reportable situations regime.
The publication provides high-level insights into reporting trends from 1 July 2023 to 30 June 2024. The publication covers licensee population reporting, breach identification and investigation, root causes, consumer impact and remediation efforts.
During the period, licensees submitted 12,298 reports. Of these, 79% had a financial and/or non-financial impact on customers.
As at 30 June 2024, licensees reported paying around $92.1 million in compensation to approximately 494,000 customers for breaches during the reporting period.
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