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IT’S THE LAW (11/01/2022)

Australia, which suffered several high-volume, high-profile data breaches in recent weeks – including Medibank’s this week – is about to make significant legislative changes including huge hikes in penalties for breaches. The plan to be presented to parliament this week is to increase the maximum for serious or repeated breaches from the current AUS $2.22 million to AUS $50 million; or the greater of 3x the value of any benefit, or 30% of a company’s adjusted turnover in the relevant period.

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Australia’s Medibank confirms not just some, but all company data breached

November 1, 2022

Following a denial last week, health insurer Medibank admits 200 gigabytes of company data on close to 4 million of their customers was illicitly accessed. This after perpetrators threatened the company it would target its most prominent customers – and revealed data set samples to prove this was possible. This is a big concern for multiple reasons: the company concealed the breach; the attackers can potentially use the data that, in addition to personal identifiers, includes information on diagnosis’ and procedure recommendations; and Medibank was not insured against cybercrime, so... Read More >

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Great Privacy Awakening is real and it’s moving forward despite no US federal privacy regulation

November 1, 2022

Don’t underestimate individuals in this new privacy world! DataGrail’s new survey reveals how strongly people feel about privacy and how far they’ll go to protect theirs. Of more than 2,000 surveyed, 57% feel fed up or creeped out by privacy practices, 67% are willing to pay $100+ annually to keep their data safe, and 75% are prepared to abandon the brands that don’t protect their data.

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