404 error: cyber security for business

In the July issue of the LexisNexis Inhouse Counsel newsletter associate Daniel Coster examines the legal obligations for Australian businesses to disclose cyber security breaches, as well as the importance of taking a proactive approach to cyber security generally and when responding to a breach of personal information in particular.

The commercial internet is a relatively recent development. With the proliferation of faster and cheaper technologies, we are now heavily dependent on internet-connected devices for both business and pleasure. With new technologies come new risks, and even large multinational businesses have fallen victim to cyber attacks and lost valuable commercial information.