5 key actions your business can take to manage data breach risk

Data breach incidents are an unfortunate reality of 21st century life. A recent study of data breach incidents in Australia found that, on average, a cyber breach costs business $2.82 million to rectify¹.

Apart from the financial costs, there are other compelling reasons why businesses should take data breach management seriously. Not to mention that the Federal Government has just released a draft bill that would require businesses to notify the Federal Privacy Commissioner and affected individuals of serious data breaches involving personal information. Read more here.

You can take steps to protect your business from data breaches and reduce their impact if they occur.

In this article we outline five actions to better data breach management. Following these steps will also help your business comply with the Privacy Commissioner's voluntary guidelines on data breach notification, and prepare for the potential introduction of mandatory notification