EY sacks graduate over alleged access to Australian PM’s bank account

EY has dismissed a graduate employee after Australian federal police alleged he accessed Prime Minister Anthony Albanese’s personal bank account while on secondment at Commonwealth Bank, with the two accused men appearing in a Sydney court on Tuesday as scrutiny of data security at major professional services firms continues.

According to the Australian federal police, Paul Issa, 21, has been charged with accessing restricted data without authorisation and distributing personal data, while Phillip Issa, 25, has been charged with facilitating unauthorised access to restricted data. The two Sydney men were charged on 6 May, granted bail and appeared before Downing Centre Local Court on Tuesday, where their bail was continued until their next hearing on 25 August.

Investigators allege the breach occurred while Paul Issa was working on secondment at Commonwealth Bank through EY Australia. Anthony Albanese’s register of interests shows he holds a savings account with the bank and a mortgage on a New South Wales Central Coast property jointly owned with his wife.

Australia’s treasurer, Jim Chalmers, described the allegations as "incredibly concerning", saying: "I need to be really careful not to interfere with any legal processes which are underway, but I think on the face of it any developments of that kind are incredibly concerning, not just in relation to the PM’s details but any Australians’ details."

EY confirmed the graduate was no longer employed by the firm but declined to comment further. A Commonwealth Bank spokesperson said it would not comment on individual contractor matters. *City AM* reported that the former employee allegedly accessed the confidential banking details of at least one senior EY partner in addition to those of the prime minister.

The case adds to a series of governance and confidentiality controversies affecting Australia's Big Four accounting firms. Rival firms KPMG and PwC have faced separate scandals over the handling of confidential client information, while KPMG Australia has recently undergone senior leadership changes following criticism of its response to whistleblower allegations concerning client confidentiality.

The charges against both men remain before the courts, and neither has entered a plea. The proceedings are scheduled to resume on 25 August.



Share Story:

Recent Stories


Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?

Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.