ASICs Cyber Security Expectations

ASIC doesn’t care about checklists. They care about outcomes - and their expectations are no longer suggestions. They expect leadership, not lip service. They expect board-level ownership of cyber risk, not vague delegation. They expect real-time monitoring, not once-a-year reviews. They expect controls that are tested, enforced, and aligned to world-class standards like ISO and NIST — not outdated frameworks like the Essential Eight. They expect firms to detect breaches, respond fast, protect client data, and prove they did everything reasonable to prevent harm. This isn’t about IT anymore — it’s about governance, accountability, and doing the job the licence demands. And ASIC has made it clear: if you’re not ready, they’ll treat it as failure.