We are delighted to publish Issue3 of Wotton + Kearney's
Cyber, Tech and Data Risk Report - our regular wrap-up of relevant
news for insurers, brokers and their customers doing business in
Australia and New Zealand in the cyber, tech and data fields. We
also share some relevant articles from our Legalign Global partners
around the world.
In this month's report, we look at a range of cyber issues
and developments, including the recent Optus cyber attack and data
breach which has purportedly affected a significant percentage of
Australia's population, Lloyd's state-backed cyber
exclusions, the legality of ransom payments, and the closure of the
OPC's first compliance notice. We also provide an update on the
National Data Security Action Plan, the prospects of a Takeovers
Panel model approach to managing cyber attacks, and the NZ Ministry
of Justice's consultation into broadening the notification
requirements under the Privacy Act 2020. And, to finish, we provide
an
