Data breaches have been increasing in frequency over recent years, with several high profile breaches, such as Ashely Madison, Yahoo and DropBox, compromising the personal information of millions of users.
In light of such events, mandatory data breach notification legislation was introduced for the consideration of the House of Representatives on the 19th October 2016 by Justice Minister, Michael Keenan.
The Bill makes it mandatory for organisations to notify users of a data breach of personal information where an individual is at likely risk of serious harm. The rationale is that receiving notification of the breach can allow that person to take action to protect themselves from that harm.
The Bill requires an organisation to provide notification of a data breach where it is “aware that there are reasonable grounds to believe that there has been an eligible data breach of the entity” Keenan said
Accordingly, if the laws pass through Parliament it is likely to be more important than ever to monitor and detect any intrusion in your network, in order to be able to act quickly if there is a data breach.
Read more about the new Bill here.
If you have any questions about your security situation and bringing your organisation in compliance with the new legislation we are available for an obligation free discussion at your convenience and can be contacted on 1300 769 460.