Our Risk Insider client newsletter provides you with the latest information, news, articles and events in the technology, fraud, cyber security, data analytics and environmental sustainability space.

30 August 2024

In this edition of our Risk Insider newsletter, we examine recent legislative changes with far-reaching implications for businesses across various sectors.

The Security of Critical Infrastructure Act now includes healthcare, imposing stricter security requirements on healthcare organisations. Starting September 2024, Australian banks and financial services must comply with new laws to prevent foreign bribery, aligning with international standards and risking heavy fines for non-compliance. Additionally, the Australian Senate has passed a bill mandating climate reporting, requiring businesses to disclose climate-related risks and opportunities from 1 January 2025.

We also share key takeaways from the Governance Institute’s ACT Public Sector Event in Canberra, where speakers discussed recent changes to the Commonwealth procurement framework. Lastly, we had our forensic expert Roger Darvall-Stevens host a comprehensive webinar, addressing critical issues of fraud, bribery, and corruption.

Enjoy this month’s Risk Insider, and on behalf of RSM Australia, thank you for subscribing to our newsletter.

Warmest regards,
Jean-Marc

ARTICLES AND INSIGHTS

Cybersecurity challenges in the healthcare and community sector

Cybersecurity has become a pressing concern for industries across the board, with healthcare and community organisations among those facing increased vulnerabilities and attacks in recent times.

Agribusiness – innovating with technology securely

Innovation in agribusiness is a constant. Mother nature heavily affects the results in any agribusiness. However, innovations in technology like Internet of Things (IoT) sensors and self-driving machinery promise to improve operations by decreasing variability by making operations more efficient and cost effective.

What cyber security career you should choose, based on your netball position

Do what you love. Love of a sport is why you spend your Saturday mornings on the court - and loving your career is the secret ingredient to loving your Monday – Friday, too. A good career also offers opportunity.

Essential Lessons and Insights from the CrowdStrike Outage

CrowdStrike, a leading cyber security firm, experienced a significant outage in July 2024 that impacted millions of computers and a wide range of organisations relying on its services globally.

Ensuring Compliance with Foreign Anti-Bribery Provisions for Banks

Banks and financial services businesses have until September this year to get ready for new laws that require businesses to demonstrate they have proper processes in place to stop their staff and contractors from engaging in bribery overseas.

Key takeaways: Ensuring good governance over procurement

RSM recently had the pleasure of facilitating the Governance Institute’s ACT Public Sector Event: Ensuring Good Governance Over Procurement in Canberra.

PAST EVENTS & RECORDINGS

Sustainability Spotlight - Practicalities of ESG for agribusiness, breweries and wineries | Thursday 15 August 2024

This workshop is designed to help all businesses in the agribusiness supply chain respond to the growing demands from enterprise customers to disclose not only emissions data, but broader ESG information.

Sustainable Finance in Australia and Internationally | Wednesday 31 July 2024

Australia is advancing in sustainable finance with a new roadmap and taxonomy draft. This affects businesses' access to finance and financial institutions' reporting. It aligns with global trends, notably the EU's framework.

Climate Risk – How does it impact your business | Thursday 16 July 2024

Climate change risk implies financial shifts, subtle, and sometimes less-subtle market responses, and a myriad of policy implications.This is happening here and now. And its impacting and challenging businesses in new ways.

Sustainability Spotlight–The Countdown to Climate Reporting Webinar | Thursday 18 June 2024

With mandatory reporting set to be introduced by 1 January 2025, RSM will provide a comprehensive overview of Australia’s new reporting requirements and how they impact business across Australia.

Unmasking Fraud: From Cyber Threats to Deep Fakes | National Webinar, Caseware Speaker Series

Fraud risks are evolving at an alarming speed, and organisations lose an average of 5% of their revenue to occupational fraud every year, according to the Association of Certified Fraud Examiners (ACFE’s) 2022 Global Fraud Survey