Australia Laws Over Data Breach

Australia will introduce laws to parliament to increase penalties for companies subject to major data breaches.

Australia has proposed tougher penalties for corporates that do not preserve the privacy of their customers. The country's decision comes weeks after two major cybersecurity incidents affected millions of citizens, and penalties for series breaches of the Privacy Act could increase from AUD 2.2 million (roughly Rs. 11 crore) to AUD 50 million (roug...

Australia will introduce laws to parliament to increase penalties for companies subject to major data breaches.

Australia has proposed tougher penalties for corporates that do not preserve the privacy of their customers. The country's decision comes weeks after two major cybersecurity incidents affected millions of citizens, and penalties for series breaches of the Privacy Act could increase from AUD 2.2 million (roughly Rs. 11 crore) to AUD 50 million (roug...