The financial sector is incredibly diverse, with subsectors such as insurance and investment. Many financial services providers depend on other financial services providers for their own operation. As such, the networks and systems that tie these financial services together play an instrumental role in ensuring their continued operation. Of particular importance in the finance industry is the ability to conduct transactions without fault, thereby creating public trust and support for the systems financial organisations depend on.
Financial organisations in Australia, specifically deposit-taking institutions, are under strict regulation, making it vital for them to ensure the confidentiality and integrity of their financial data and secure the networks that process it.