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In Episode 55 of ChatDPS, we dive into one of the most significant regulatory cybersecurity actions in Australia — ASIC’s landmark case against Fig Securities — and what it means for CISOs, boards, and security leaders everywhere. As regulatory pressure intensifies, cybersecurity is no longer just an IT problem; it’s a governance and accountability issue. We explore how security leaders must move from reactive compliance to proactive risk management, and why “baking security in from the start” is now essential. This episode covers: • ASIC’s enforcement action and the implications for financial services • The evolving role and accountability of the CISO • Why API security is now a top organizational priority • The critical importance of governance frameworks • How Software Bills of Materials (SBOMs) are shaping compliance • The rise of AI-driven phishing and modern email security threats • Why culture and vigilance are your strongest defences With AI-powered attacks accelerating and regulators stepping up enforcement, organisations must rethink how they approach cybersecurity, compliance, and risk. “Just because you can, doesn’t mean you should.” “Bake security in from the start.” “Follow a process to mitigate risks of BEC.” Whether you’re a CISO, risk leader, board member, or security practitioner, this episode delivers practical insights on staying ahead of both attackers and regulators. Chapters 00:00 Regulatory Actions and Cybersecurity Failures 04:45 CISO Perspectives on Proactivity 07:12 Understanding API Security 12:57 The Importance of Governance in Security 16:29 Software Bill of Materials and Compliance 23:09 Email Security in the Age of AI #Cybersecurity #CISO #APISecurity #Governance #RiskManagement #EmailSecurity #Compliance #FinancialServices #SBOM #ChatDPS