Black & White Path

Feb 19, 2026 · Information Security

FIIG Securities fined over $1.2M for 385 GB customer data breach

Australia’s ASIC fined FIIG Securities AU$2.5 million (≈CNY 12 million) and ordered AU$0.5 million in costs after a 2023 breach exposed 385 GB of client data—including IDs, passports and bank details—highlighting numerous security compliance failures such as missing MFA, weak passwords, and lack of penetration testing.