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ASIC to spend AU$60m on data analytics, surveillance with Australia’s Nuix

The Australian Securities and Investments Commission (ASIC) has extended its partnership with Sydney-based intelligence, analytics, and cybersecurity software firm Nuix. In a statement, ASIC said the new contract forms part of its expanding analytics and e-discovery platforms, on which the regulator is spending around AU$60 million on data analytics, IT systems, and its surveillance and enforcement capabilities in a bid to become a “more data-driven, intelligence-led law enforcement agency”.

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