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ARTICLE · 17 APRIL 2018

Cyber security: what you need to know

Watkins Tapsell
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All businesses should have policies, procedures and training programs regarding data breaches.

AustraliaPrivacy
Deva Saraswati
Deva Saraswati
Tiana Daly
Tiana Daly
Jamie Roche
Jamie Roche
Sonja Daly
Sonja Daly
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There has been a lot of media coverage recently about the privacy of individual's information and whether it can be shared with others.

Business owners obtain personal information from a variety of sources and should already be familiar with the Australian Privacy Principles. As a result of amendments to the Privacy Act which came into effect on 22 February 2018, businesses with an annual turnover in excess of $3 million need to notify the Office of the Australian Information Commissioner (OAIC), and affected individuals, if there is an eligible data breach. There is now the possibility of fines up to $1.8 million dollars if the Privacy Act is not complied with.

An eligible data breach occurs where:

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