Cyber risk described as growing threat to mergers, acquisitions

Original article by Ruth Liew
The Australian Financial Review – Page: 24 : 1-Sep-15

Cyber security was a business risk that should be in the hands of senior executives, not relegated to the IT department, a conference has been told. Lawyers, investment banks and governments needed watertight cyber rules around their mergers and acquisitions deals. Toll Holdings and Macquarie Group executive director Nicola Wakefield-Evans told the King & Wood Mallesons event that cyber resilience was a key issue for board members as cyber crime grew.

CORPORATES
KING AND WOOD MALLESONS, TOLL HOLDINGS LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, TELSTRA CORPORATION LIMITED – ASX TLS, BHP BILLITON LIMITED – ASX BHP, POTASH CORPORATION OF SASKATCHEWAN INCORPORATED, JP MORGAN CHASE AND COMPANY, PRICEWATERHOUSECOOPERS, TARGET CORPORATION, SONY CORPORATION

Ashley Madison hack a feast for lawyers

Original article by Marianna Papadakis, Katie Walsh
The Australian Financial Review – Page: 33 : 28-Aug-15

The hacking of Ashley Madison, the cheating website, is likely to lead to lawsuits in Australia. The site’s owners, Avid Life Media, are already facings hundreds of millions of dollars in damages in Canada and the United States, where two class actions alleging breach of contract, negligence and breach of privacy are pending. About 460,000 Australians may have been exposed.

CORPORATES
AVID LIFE MEDIA, AUSTRALIA. OFFICE OF THE FEDERAL PRIVACY COMMISSIONER, MARQUE LAWYERS PTY LTD, AUSTRALIA. ATTORNEY-GENERAL’S DEPT, ALLENS, MINTER ELLISON, AON AUSTRALIA PTY LTD