Data breach laws a start but implementation is the key to success
Sydney, Thursday 22 February; ACS President Yohan Ramasundara has welcomed the commencement of data breach notification laws, calling them a vital step in the development of a mature digital economy.
“We create more data on a daily basis than at any time in human history. Much of it is personal and valuable. Consumers have every right to know if their data has been compromised, and this new legislation ensures businesses act responsibly with the data they hold.
“Cyber security is an on-going challenge, and both industry and government must continue to build cyber security assets to prevent data breaches. The Government has recognised that we have a shortage of appropriately skilled cyber security professionals and as the professional association for Australia’s ICT sector we have introduced new Certified Professional (Cyber Security) and Certified Technologist (Cyber Security) certifications to promote skilled cyber security practitioners to keep up with the demand for talent.”
While nothing is ever 100 per cent secure, the Act promises to give Australians who provide personal information to government and business greater confidence. The Act comes into effect today, and failure to report eligible data breaches can result in fines of up to $1.7 million.
The new scheme applies to all businesses, government agencies, and not-for-profits with an annual turnover of more than $3 million, as well as health service providers, credit reporting bodies, and any entity which receives and handles tax file numbers.
Vice President ACS and NSW Chief Data Scientist Dr Ian Oppermann stressed the importance of this legislation and the need for businesses to be prepared to comply.
“Use of ever greater volumes and variety of data underpins our transition to a digital, smart economy. Building trust with people who supply that data is critical and I believe this legislation is an important step in building that trust.”
Thomas Shanahan, 0417 678 474
About the ACS
The ACS is the professional association for Australia's Information and Communication Technology (ICT) sector. More than 27,000 ACS members work in business, education, government and the community. The ACS exists to create the environment and provide the opportunities for members and partners to succeed. The ACS strives for ICT professionals to be recognised as drivers of innovation in our society, relevant across all sectors, and to promote the formulation of effective policies on ICT and related matters. Visit www.acs.org.au for more information.