TheOptusdata breach was one of the biggest security breaches ever in Australian history. As the second-largest telecommunications company in Australia, this security incident brought up questions about Australian data security policies and how companies handle them. ...
It says that unlike most of the data collectors, airlines operation within the international environment complicates their disclosure of data breach notification obligations in various ways.vonDepartmentNessenDepartmentPaulDepartmentHeilbronnDepartmentGary...
Businesses are also more aware of the cost. According to IBM’sCost of a Data Breach Report 2023, the average cost of a data breach in Australia has grown by 32% in five years to AU $4.03 million (US $2.57 million). This is being led by the financial services sector, with an avera...
Australia is investigating a potential Ticketmaster data breach affecting over half a billion users. Those behind the attack are said to be offering the data for $500,000 on the dark web. CBS News homeland security and justice reporter Nicole Sganga brings us the latest details. ...
In March of 2018, it became public that the personal details of more than a billion citizens in India stored in the world’s largest biometric database could be bought online. This massive data breach was the result of a data leak on a system run by a state-owned utility company. The ...
Also subject to breach reporting obligations are organisations that handle certain sensitive categories of data, such as health-care providers, and Commonwealth entities. “Notifications this quarter show that one of the key aims of the scheme – ensuring individuals are made aware when the sec...
Instead, it seems, it elected to make a wider statement about data security-related risks in its 2016 SEC filing in an attempt to inform stakeholders about the potential consequences, on the company, of data breaches: “[a] breach in the security of JP Morgan Chase’s systems, or those ...
CANBERRA, May 4 (Xinhua) -- The Australian government has labelled a data breach which saw the nation's biggest bank lose details of 20 million accounts as "very disappointing." The Commonwealth Bank of Australia (CBA), the country's third largest company, on Wednesday confirmed that it ...
Porter said the breach was an "obvious case in point" of the organization failing to recognize its non-financial requirements as described by the APRA report. "Notification should flow up to government and down to customers as quickly as possible," he told Sky News Australia on Thursday night...
In Australia, the average cost per data breach surged to A$3.87 million (US$2.82 million) – an increase of 31 percent between May 2020 and March 2021. That cost per breach is still markedly lower than in many other countries, but it grew faster than in any other Western country – thi...