{"id":502869,"date":"2022-10-22T09:40:24","date_gmt":"2022-10-22T06:40:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/australia-flags-new-corporate-penalties-for-privacy-breaches\/"},"modified":"2022-10-22T09:40:24","modified_gmt":"2022-10-22T06:40:24","slug":"australia-flags-new-corporate-penalties-for-privacy-breaches","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/australia-flags-new-corporate-penalties-for-privacy-breaches\/","title":{"rendered":"#Australia flags new corporate penalties for privacy breaches"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3849535f674\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3849535f674\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/australia-flags-new-corporate-penalties-for-privacy-breaches\/#%E2%80%9CAustralia_flags_new_corporate_penalties_for_privacy_breaches%E2%80%9D\" >&#8220;Australia flags new corporate penalties for privacy breaches&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CAustralia_flags_new_corporate_penalties_for_privacy_breaches%E2%80%9D\"><\/span>&#8220;Australia flags new corporate penalties for privacy breaches&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/australia-flags-new-co.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/australia-flags-new-co.jpg\" data-sub-html=\"People walk past a Medibank branch in Sydney on Oct. 20, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers\u2019 personal data after two major cybersecurity breaches left millions vulnerable to criminals. Credit: AP Photo\/Rick Rycroft, File\">\n<figure class=\"article-img\">\n            <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/australia-flags-new-co.jpg\" alt=\"Australia flags new corporate penalties for privacy breaches\" title=\"People walk past a Medibank branch in Sydney on Oct. 20, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers\u2019 personal data after two major cybersecurity breaches left millions vulnerable to criminals. Credit: AP Photo\/Rick Rycroft, File\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                People walk past a Medibank branch in Sydney on Oct. 20, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers\u2019 personal data after two major cybersecurity breaches left millions vulnerable to criminals. Credit: AP Photo\/Rick Rycroft, File<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Australia on Saturday proposed tougher penalties for companies that fail to protect customers&#8217; personal data after two major cybersecurity breaches left millions vulnerable to criminals.<\/p>\n<p>                                                                                The penalties for serious breaches of the Privacy Act would increase from 2.2 million Australian dollars ($1.4 million) now to AU$50 million ($32 million) under amendments to be introduced to Parliament next week, Attorney-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Mark Dreyfus said.<\/p>\n<p>A company could also be fined the value of 30% of its revenues over a defined period if that amount exceeded AU$50 million ($32 million).<\/p>\n<p>Dreyfus said &#8220;big companies could face penalties up to hundreds of millions of dollars&#8221; under the new law.<\/p>\n<p>&#8220;It is a very, very substantial increase in the penalties,&#8221; Dreyfus told reporters.<\/p>\n<p>&#8220;It&#8217;s designed to make companies think. It&#8217;s designed to be a deterrent so that companies will protect the data of Australians,&#8221; he added.<\/p>\n<p>Parliament resumes on Tuesday for the first time since mid-September.<\/p>\n<p>Since Parliament last sat, unknown hackers stole personal data from 9.8 million customers of Optus, Australia&#8217;s second-largest wireless telecommunications carrier. The theft has left more than one-third of Australia&#8217;s population at heightened risk of identity theft and fraud.<\/p>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2022\/australia-flags-new-co-1.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/australia-flags-new-co-1.jpg\" data-sub-html=\"Customers walk out of an Optus telecommunications retail store in the central business district of Sydney, Australia on Oct. 5, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers\u2019 personal data after two major cybersecurity breaches left millions vulnerable to criminals. Credit: AP Photo\/Mark Baker, File\">\n<figure class=\"article-img text-center\">\n            <img decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2022\/australia-flags-new-co-1.jpg\" alt=\"Australia flags new corporate penalties for privacy breaches\"\/><figcaption class=\"text-left text-darken text-truncate text-low-up mt-3\">\n                Customers walk out of an Optus telecommunications retail store in the central business district of Sydney, Australia on Oct. 5, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers\u2019 personal data after two major cybersecurity breaches left millions vulnerable to criminals. Credit: AP Photo\/Mark Baker, File<br \/>\n            <\/figcaption><\/figure>\n<\/p><\/div>\n<\/div>\n<p>Unknown cybercriminals this week demanded ransom from Australia&#8217;s largest health insurer, Medibank, after claiming to have stolen 200 gigabytes of customers&#8217; data including medical diagnoses and treatments. Medibank has 3.7 million customers. The company said the hackers had proved they hold the personal records of at least 100.<\/p>\n<p>The thieves have reportedly threatened to make public medical conditions of high-profile Medibank customers.<\/p>\n<p>Dreyfus said both breaches had shown &#8220;existing safeguards are inadequate.&#8221;<\/p>\n<p>As well as failing to protect personal information, the government is concerned that companies are unnecessarily holding too much customer data for too long in the hope of monetizing that information.<\/p>\n<p>&#8220;We need to make sure that when a data breach occurs the penalty is large enough, that it&#8217;s a really serious penalty on the company and can&#8217;t just be disregarded or ignored or just paid as a part of a cost of doing business,&#8221; Dreyfus said.<\/p>\n<p>Dreyfus hopes the proposed amendments will become law in the final four weeks that Parliament will sit this year.<\/p>\n<p>Any new penalties will not be retroactive and will not effect Optus or Medibank.\n                                                                                                                        <\/p>\n<hr\/>\n<div class=\"article-main__explore my-4 d-print-none\">\n<p>                                            Australia flags tough new data protection laws this year\n                                        <\/p><\/div>\n<hr class=\"mb-4\"\/>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n<p>                                        <!-- print only --><\/p>\n<div class=\"d-none d-print-block\">\n<p>                                                 <strong>Citation<\/strong>:<br \/>\n                                                 Australia flags new corporate penalties for privacy breaches (2022, October 22)<br \/>\n                                                 retrieved 22 October 2022<br \/>\n                                                 from https:\/\/techxplore.com\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>\/2022-10-australia-flags-corporate-penalties-privacy.html<\/p>\n<p>                                            This document is subject to copyright. 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Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers\u2019 personal data after two major cybersecurity breaches left millions vulnerable to criminals. Credit: AP Photo\/Rick Rycroft, File Australia on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":502870,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2022\/australia-flags-new-co.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-502869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=502869"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/502869\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/502870"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=502869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=502869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=502869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}