Mandatory Breach Notification has Arrived
Just yesterday, the Federal Government passed an amendment to the Privacy Act that requires organisations with turnover of $3m or more to publicly disclose they’ve suffered a data breach with respect to personal information of clients, employees, research participants and more.
The change comes after 4 years of trying to get an amendment passed, with both Labor and Liberal governments proposing their own versions and the Greens trying get an amendment at the last-minute. The new legislation brings Australia into line with many European and western democracies.
Big Implications
You don’t want to be one of the first companies to be forced to report a breach. Fines for failing to report are huge: $360,000 for an individual and $1.8 million for a corporation. But the damage to your brand in revealing a breach might be even more as the first companies to report a breach will be subject to great media scrutiny and loss of trust from consumers, employees and business partners.
We have partnered with Brisbane-based Intellectual Property Law Firm Bennett and Philp to produce a clear picture of what the new legislation will mean for your business, what your obligations are likely to be and what you can do to avoid the situation.
You are invited to attend our Executive breakfast briefing for MD’s, CEO’s and CFO’s next Tuesday the 21st of February and:
- Learn how you are now affected
- Discover just how often a breach happens in Australia
- Learn what your responsibilities are
- Learn when you will be compelled to disclose a breach
- Learn what you can do to prevent the need to disclose
Here are the details:
Cost: Complimentary
When: Tuesday, 21st February 2017. Next Tuesday morning
Where: Emporium Hotel, 1000 Ann St, Fortitude Valley
Time: 7.15am for a 7.30am start. Finish at 8.45am
