In response to the growing privacy concerns around personal data, the Australian Government recently passed the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) (the ‘New Data Breach Notification Laws’).
Australian businesses with an annual turnover of $3 million or more will now be at the mercy of the Government's long-awaited mandatory data breach notification laws.
Australian companies face ‘US levels’ of litigation if they fail to prepare for mandatory data breach reporting requirements which are likely to come into effect this year, a lawyer has warned.
Professional services firm Deloitte has set up an online cyber intelligence centre in Australia to help its clients respond to data breaches and other cyber security issues.
The Australian Communications Consumer Action Network (ACCAN) has thrown its support behind mandatory data breach notification, saying it would lead to better security of private and financial information.
The Privacy Amendment (Privacy Alerts) Bill 2013 has received its first reading in Parliament by Attorney-General Mark Dreyfus.
In spite of best practices, it is likely your organization will experience a serious data breach at some point. Once the initial shock wears off you'll be faced with numerous decisions, the most significant of which is whether to seek help from outside professionals such as attorneys, computer forensics investigators, information security consultants, privacy consultants and law enforcement.