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ACS Qld webinar - Australian Government Data Breach Notification Laws 2018 - Effective 23 February 2018 – Be Prepared!
C-Level Executives & SME business owners should prepare NOW to protect their organisation’s Business Continuity and Cyber Security Strategy.
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Additionally, this law influences Australia’s SME sector due to the nature of personal private data collected in their ICT applications, databases, payroll, accounts and CRM systems.
Substantial penalties apply for individuals (up to $360K) and (up to $1.8M) for organisations failing to act notifying the OAIC within a month of each data breach. Financial losses to entities failing to notify a Data Breach/Loss is immeasurable.
The effects and imperative processes managing Data Breaches and/or Losses are revealed to ensure the organisation limits harm to its reputation and their business continuance. Implementing quantitative risk assessments, developing a “Risk Register” and acquiring Cyber Insurance are just some of the important strategies deemed indispensable in minimising exposure, manage Data Breach/Loss Notification and improving recovery times when each event occurs.
The Current Threats for All Business in AustraliaIn January 2017, Forbes Magazine stated for Australia:
- ”Cyber-attack techniques will continue to emerge and evolve in 2017”
- “We foresee further ransomware variants of this kind being developed by threat actors in Asia Pacific, and used for cyber activist and cybercriminal activities in the region.”
- “Start-ups and e-commerce sites involving financial transactions will be highly targeted”
- ”Advanced persistent threats will become advanced phishing threats”
- Learn how to avoid substantial fines when mandatory Data Breach/Loss Notification Laws commence next year.
- Comprehend the legal position and how the law applies to your organisation.
- Recovering strategies and the restoration of business service when a Data Breach/Loss occurs
- Planning to minimise business risk and publically managing a Data Breach/Loss.
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