For years, cybersecurity was built around a simple idea: keep the bad guys out of the network. Firewalls, VPNs, perimeter controls - that was the playbook. In 2026, that model is dead. Your data lives in the cloud. Your users work everywhere. Your attackers don't break in - they log in. And that's why Identity and Access Management (IAM) and Privileged Access Management (PAM) are no longer "security tools" they are control systems for modern businesses and the foundation of modern cyber resilience . The Hard Truth: Most Breaches Are Identity Failures The numbers are no longer debatable: Credential theft surged 160% in 2025 , with 1.8 billion credentials compromised in just six months. dailysecurityreview 78% of breaches now involve unauthorized access - attackers logging in, not breaking in. dailysecurityreview Look at almost any major breach in the last few years - government, enterprise, or SMB - and the pattern is consistent: S...

$2.5 million. That’s what ASIC has now forced FIIG Securities Limited (FIIG) to pay not simply for suffering a breach, but for failing to maintain adequate cybersecurity controls for more than four years . This isn’t just another breach headline. It’s a regulatory turning point for every Australian Financial Services (AFS) licensee and a warning shot for boards and exec teams still treating cyber as an “IT problem”. In 2026, ASIC has made the message clear: Cyber resilience is now a licence-to-operate issue. What Actually Happened at FIIG According to ASIC, FIIG’s cyber security failures occurred between 13 March 2019 and 8 June 2023 . Those failures worsened the impact of a 2023 cyber attack that saw around 385GB of confidential data stolen and sensitive client information leaked on the dark web. The compromised data included: Driver’s licences Passport information Bank account details Tax File Numbers (TFN...