Sound familiar?
What people are putting up with today
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A breach that causes zero loss to any client — a statement sent one day late, an immaterial typo — still has to be assessed against ASIC's reportable-situations test, and often reported.
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An industry survey found the documentation, senior-executive time and auditor review this takes costs an average of $3,800 per minor breach — with no financial loss to anyone to show for it.
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That adds up to an estimated $24 million a year spent industry-wide reporting breaches that caused no harm to a single consumer.
How Minorward works
Minorward is a guided breach-triage tool built around ASIC's reportable-situations test. Answer a short set of questions about what happened, when you found it and who it affected, and Minorward tells you clearly whether it's reportable — then drafts the ASIC portal wording and register entry for you to check and submit, instead of a retainer or a subscription that sits unused between incidents.
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01
Answer a short set of guided questions about what happened — when you found it, who it affected, whether there was any financial loss.
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02
Minorward checks your answers against ASIC's reportable-situations thresholds and tells you clearly: reportable, or not.
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If it's reportable, get the ASIC portal wording and a register entry already drafted — review it, make any changes, and submit it yourself.
In their words
What people are saying
Real quotes from public reviews and forums, with names removed. None are about Minorward — it isn't available yet.
it costs $3,800 in extensive documentation, senior executive time and auditor reviews every time a minor breach is reported to the ASIC portal
Examples of minor and technical breaches include statements being sent to customers one day late, immaterial typos and other inconsequential oversights
unnecessary regulation in the financial services breach reporting regime has resulted in almost $4000 wasted every time a minor breach is reported, or $24 million annually
Founding access
Apply for founding access
Minorward is opening to a small group of founding members first.
- Early access before public launch
- A locked-in founding price
- A direct say in what gets built
Privacy notice: we collect your email (and your answer above, if you give one) solely to contact you about founding access to Minorward. We don't sell or share your information with third parties, and we won't use it for anything else. You can ask us to delete your details at any time by emailing [email protected].
Get involved
Want to be part of Minorward?
Whether you'd invest, sell it or bring know-how from this industry, tell us how you'd like to be involved. We review every message and reply if there's a fit.