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Australia to Introduce Higher Penalties for Company Data Breaches

posted by hubie on Friday October 28 2022, @02:54AM   Printer-friendly
from the Caught-With-Your-Pants-Down dept.

An Anonymous Coward writes:

Australian companies involved in serious or repeated breaches could face penalties of a minimum $50m under new proposed legislation intended to curb the current plethora of serious data breaches. Attorney-General Mark Dreyfus has been quoted as stating that recent major data breaches at companies, including Optus and Medibank, had shown current measures to be insufficient, while commenting "When Australians are asked to hand over their personal data they have a right to expect it will be protected.". It is expected that these penalties defined in the Privacy Act 1988 will be introduced to parliament within the next month. The proposed changes will not be retrospective. The bill will also provide government entity, the Australian Information Commissioner, with greater information gathering and sharing powers to help resolve privacy breaches.

I trust every company who asks for my name, DOB, current address, previous address, place of birth, medicare number, passport number, credit card numbers, bank account numbers, phone numbers, social media account names, email addresses, significant other's name (Neko Neko Floppy Ears btw), driver's licence, and of course a high resolution scan of the above for permanent safe keeping. Don't you?

Original Submission

 
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  • (Score: 5, Interesting) by c0lo on Friday October 28 2022, @03:38AM (2 children)

    by c0lo (156) on Friday October 28 2022, @03:38AM (#1278907) Journal

    I would set it to $200M and sent a message on the Underpipes - "Hey, hackers, if you are listening, there are serious money to be made from clueless Aussie CEO's. Don't ask for a ransom less that $150M".

    I reckon in 6 months, those CEO's will find that:
    1. their IT security can be improved enough with lower costs
    2. harvesting and keeping heaps of data about their customers is a liability.

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0
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  • (Score: 3, Interesting) by Runaway1956 on Friday October 28 2022, @09:46AM (1 child)

    by Runaway1956 (2926) Subscriber Badge on Friday October 28 2022, @09:46AM (#1278951) Homepage Journal

    2. harvesting and keeping heaps of data about their customers is a liability.

    We need to get that message out.

    --
    Abortion is the number one killed of children in the United States.

    • (Score: 2) by c0lo on Friday October 28 2022, @10:06AM

      by c0lo (156) on Friday October 28 2022, @10:06AM (#1278957) Journal

      We need to get that message out.

      Not enough. They need to learn this themselves, otherwise they won't hear the message.
      This means there needs to be a lesson (or an entire course with exam at the end) to teach them it's in their interest to abstain from doing it; they don't care about our interest, we are just the merchandise for them.

      --
      https://www.youtube.com/watch?v=aoFiw2jMy-0