While not a substitute for cybersecurity maturity and preparedness, cyber insurance can help businesses directly cover the cost of data breach incidents, including forensic investigations, data restoration, customer notification and rectification as well as indemnification of penalties imposed by government r...
People walk past a Medibank branch in Sydney, Wednesday, Oct. 26, 2022. Medibank, Australia's largest health insurer, said a cybercriminal had hacked the personal data of all its 4 million customers as the government introduced legislation that would increase penalties for companies that fail to...
When an entity shares personal data with someone outside Australia, this principle requires it to ensure the recipient complies with the Australian Privacy Principles, via contractual obligation. If the recipient does breach the APP, the entity that shared the information is liable. There are two m...
Notifiable Data Breach Scheme; theSPAMAct. This post was written by James D. Ford, GAICD ofBlue Ocean Law Group, Sydney, Australia.Blue Ocean Law Group is the Legal Network Partner of iubenda in Australia + New Zealand and can be contacted viaahoy@blueocean.lawor toll-free 1800-0-Adapt...
With massive new penalties already in play, a more active regulator, stricter privacy rules and the prospect of a privacy tort, it will be important to monitor how insurers react. We may see cyber or data specific insurance become more unattainable, see more carve-outs from other insurance pol...
A survey shows breach costs have gone down, but the reasons are unclear. And the cost of customer data lost through supplier breaches is rising.
Designate and register a Data Protection Officer who can serve as a liaison in the EU. Provide GDPR training to your staff. What are the penalties for falling out of GDPR compliance in Australia? GDPR does have extraterritorial reach and penalties can be levied against businesses that don’t ...
Second, Article 31 prohibits punishment or penalties for entry to a state when they come from a territory where life or freedom is threatened. Other aspects of asylum law are particularly relevant to the issue of health policy discussed here. It is important to note that it is not illegal ...
(refoulement) states that no refugee shall be expelled or returned to where his/her life is threatened. Second, Article 31 prohibits punishment or penalties for entry to a state when they come from a territory where life or freedom is threatened. Other aspects of asylum law are particularly ...
The high-profile and damaging data breaches have prompted the Australian government to introduce stringent data protection laws, which include increased monetary penalties of up to AU$50 million from the current AU$2.2 million cap. The new Privacy Legislation Amendment Bill 2022 also seeks to entrust...