ASIC signs for e-investigation gear

In a bid to keep up with offenders hiding behind huge, complex data sets, the Australian Securities and Investment Commission (ASIC) has re-signed a deal that will help with its electronic investigations given the skyrocketing amount of information companies archive electronically.

In a bid to keep up with offenders hiding behind huge, complex data sets, the Australian Securities and Investment Commission (ASIC) has re-signed a deal that will help with its electronic investigations given the skyrocketing amount of information companies archive electronically.

ASIC re-signed a three-year deal with Nuix for the company's electronic investigation kit that will aid e-discovery and data-intensive investigations.

CEO of Nuix, Eddie Sheehy, said that ASIC's largest ever investigation took place in 2006 when the regulator lifted the lid on the collapse of Westpoint. In 2012, Sheehy said, ASIC is "planning a Westpoint-sized engagement every two days".

"This is a dramatic illustration of growth in data volumes and the number of corporate regulatory investigations ASIC undertake," he said in a statement, adding that Nuix was the only company that stood up to ASIC's stringent and intensive data management needs.

ASIC will now be able to access everything from SharePoint databases, email archives, Exchange emails, forensic images and a wealth of scanned documents using the software.