Whether you describe it as the 'AI
revolution',1 'AI bubble',2 or an
'industry reshape',3 2025 has seen artificial
intelligence affect industries across Australia, including
financial services. Specifically, we have seen questions of best
use, appropriate reliance on AI-driven models, evolving risk
management frameworks, data breaches, scams and increased
regulatory scrutiny. In this article, we recap some key AI moments
in 2025 and take a deep dive into the intersection between AI, data
breaches and scams, including steps you can take to protect your
business and your clients.
1.Key messages from regulators and government
It seems that everyone was talking about AI during 2025. We have
set out some of the key messages from ASIC and the Government that
relate to financial services to help you cut through the noise.
