Financial Crimes Protection Initiative
The Financial Crimes Protection Initiative is a coordinated effort led by ASFA to bolster the superannuation sector's defences against financial crime and cybersecurity breaches.
With increasingly sophisticated threats facing the superannuation sector, ASFA’s unique membership base of funds and critical service providers is working to protect fund members’ data and savings.
The FCPI brings together the superannuation sector, relevant government agencies and related bodies in the fight against cyber criminals.
Working together to protect members’ savings
Our focus areas:
- Enhance collaboration and knowledge sharing between funds and critical service providers including custodians, administrators and tech providers
- Develop industry-wide frameworks to combat financial and cybercrime
- Connect the superannuation sector, relevant government agencies and related financial services bodies
- Help make Australians aware of the actions they can take to protect their super and data from scammers
Latest release: Cyber Security Toolkit
As part of the FCPI, ASFA has developed a new Cyber Security Toolkit to help superannuation entities navigate increasing regulatory obligations and cyber risks.
The Toolkit provides practical guidance on obligations under:
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CPS 230 (Operational Risk Management)
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CPS 234 (Information Security)
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The Privacy Act 1988
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The Cyber Security Act 2024
It includes incident response guidance, board-level considerations, and consolidated references to key legislation and prudential standards.
Please find the Cyber Security Toolkit here.
Stay informed
In the coming months, ASFA will continue to work closely with members to lead this sector wide initiative.
For more information about how you can get involved or for further information, please contact us
