Unprepared for data breach notification laws? Here's what you need to do if things go wrong | AFR
Experts are reporting that thousands of Australian businesses aren't ready to comply with the data breach mandatory notification law that kicked in from February 22. Research by cyber security specialists CyberArk concluded that as many as 44 per cent of enterprises aren't up to speed, and other security professionals are queuing up to echo the sentiment.
The new law is simple enough in principle. It's compliance in practice that will cause headaches.
If your organisation is covered by the Privacy Act, and you have other people's personal information in your care, and it ends up somewhere or with someone it shouldn't, there's a clock ticking.