Mandatory Data Breach Update
If entities don’t comply civil penalties may apply, up to $420,000 for Directors and $2.1m for Companies.
If entities don’t comply civil penalties may apply, up to $420,000 for Directors and $2.1m for Companies.
More than 30 data breaches have been reported to the Office of the Australian Information Commissioner in the three weeks since notification legislation was enacted. This follows 107 voluntary notifications last year, and we expect a great deal more this year.
Under the new laws that came in to place from the 22nd of February, organisations must inform affected individuals if a breach is likely to result in serious harm to any individuals whose personal information is involved in the breach, and also notify the Commissioner.
If entities don’t comply civil penalties may apply, up to $420,000 for Directors and $2.1m for Companies.
The Australian information Commissioner will release quarterly reports, and we will watch out for the updates.
Dudley Kneller (Partner at Madgwicks) is a good friend of Austbrokers Countrywide and he has posted a very good summary of the new Mandatory Data Breach scheme via LexisNexis Australia. We recommend all businesses watch this brief video to make sure you are aware of what you need to do with managing data risks.
Toll free: 1800 245 123
Phone: (03) 9835 1300
info@abcountrywide.com.au
Level 2, 35 Dalmore Drive
Scoresby VIC 3179
Toll free: 1800 245 123
Phone: (03) 5625 1015
drouin@abcountrywide.com.au
3 Bank Place, Drouin VIC 3818
Toll free: 1800 245 123
Phone: (03) 5662 4222
leongatha@abcountrywide.com.au
63 Bair St, Leongatha, VIC 3953
By purchasing online:
• You are expected to self-manage your policy.
• There is no advice provided by Austbrokers Countrywide.
• You will need to manage your own claims directly with COVERMORE by calling 1300 728 822.
• If you need to make changes to the policy, you will need to contact COVERMORE on 1300 728 822.
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• You are expected to self-manage your policy.
• There is no advice provided by Austbrokers Countrywide.
• You will need to manage your own claims directly with CHUBB by calling 1800 803 548.
• If you need to make changes to the policy, you will need to contact CHUBB on 1800 803 548..
By purchasing online:
• You are expected to self-manage your policy.
• There is no advice provided by Austbrokers Countrywide.
• You will need to manage your own claims directly with EMERGENCE by calling 1300 799 562.
• If you need to make changes to the policy, you will need to contact EMERGENCE on 1300 799 562
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By purchasing online:
• You are expected to self-manage your policy.
• There is no advice provided by Austbrokers Countrywide.
• You will need to manage your own claims directly with Austbrokers Life Solutions by calling 1300 161 635.
• If you need to make changes to the policy, you will need to contact Austbrokers Life Solutions on 1300 161 635.