Directors are now responsible for security breaches.
On February 23, 2018, the Privacy Amendment (Notifiable Data Breaches) Act of 2017 goes into effect. This new legislation applies to all Australian enterprises with $3m or more in Billings, to most AU government branches and to specific organizations that handle health-care related personal information.
Directors are now personally responsible to ensure their enterprise meets new compliance requirements - failure to do so opens the director up to civil penalties and monetary fines (up to AUD360,000 for individuals) plus potential litigation and the enterprise to fines up to AUD2.1m.
First step to meet compliance
As a first step to meet the compliance requirements you need to ensure your network is watertight with no holes cyber-criminals can get through. Red Piranha offers a comprehensive suite of security solutions, products and services to help Australian enterprises meet the new compliance requirements detailed in the new Privacy Amendment Act.Our Vulnerability Edge Scan service is built to act like a security guard checking the outside of your network to make sure no unlocked doors, cracked windows or unsecured gates allow cyber-criminals into your organizations' files.
First step to meet compliance
The new requirements affect all APP entities i.e. any entity that is currently bound to comply with the Australian Privacy Principles under the Privacy Act 1988 (Cth), including Commonwealth Government Agencies and private organisations with an annual turnover of more than AUD3 million, as well as a limited number of other entities including credit reporting bodies, credit providers, health-care providers and file number recipients.
Read the Privacy Amendment Act of 2017 by clicking the button below. Contact us if you have any questions about meeting compliance. Our team of security experts is here to help you meet the new requirements.