ASIC expands breach dashboard as initial reports decline 4%

ASIC received 11,838 initial breach reports in the year to 30 June 2026, down 490, or approximately 4%, from the preceding year. Its 19 October dashboard update adds a second full year of data, expanding the information available for comparing financial-services compliance and customer remediation.[1]

Financial-services licensees submitted 7,673 reports and credit licensees 4,520. Those categories overlap because reports from firms holding both licences appear in each. Adding them would overstate the combined total, and neither category measures the number of customers affected.[1]

The dashboard counts an initial report once and uses its latest update. A report may cover one incident or thousands of related situations. ASIC also cautions that stronger detection systems can produce more reports. The published decline therefore cannot, by itself, measure an improvement in conduct.[2]

The reporting perimeter also changed. Relief introduced in June 2025 exempts certain misleading-conduct and civil-penalty breaches where conditions include rectification within 60 days, no more than ten affected consumers and aggregate consumer loss of A$1,000 or less. Client-money reporting and clearing-and-settlement rule breaches are excluded from that relief. The update does not quantify how much of the annual decline the exemption explains.[2][3]

ASIC separately reminded licensees that incident identification, escalation, investigation and rectification systems remain necessary. Reporting relief consequently changes which matters must be filed; it does not remove the operational work needed to identify and correct an eligible breach.[3]

For brokers using the dashboard to assess their controls, product and issue categories are more useful alongside customer impact and remediation progress. Historical loss and compensation estimates may change as investigations develop, so comparisons need the same data vintage as well as the same reporting period.[2]

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