Australia has significantly reformed its Privacy Act to better address the rise in data breaches and restore public trust, with expanded definitions of personal data and increased penalties for non-compliance. These changes emphasize early collaboration between legal and cybersecurity teams and prioritize data respect to gain a competitive edge. #AustralianPrivacyAct #DataBreaches
Keypoints
- The Australian Privacy Act has been updated in response to rising data breaches and public trust issues.
- The definition of personal data now includes behavioral and inferred data, increasing compliance responsibilities.
- Penalties for mishandling data can reach up to $50 million or 30% of a company’s turnover.
- Legal and cybersecurity teams are now working together from the product development stage for better privacy management.
- The Australian Information Commissioner has enhanced authority to audit organizations proactively.
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