ASIC Sues Macquarie Bank Over Software System Failure

    Nick Ferrara

    On April 5, 2022, the Australian Securities and Investments Commission (ASIC) filed a lawsuit against Macquarie Bank over a software system failure.

    The software failed to monitor unauthorized transactions from financial advisors. This allowed financial advisors and third parties to misappropriate the fee authority.

    Read more at IT News

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