{"id":90685,"date":"1999-12-31T00:38:00","date_gmt":"1999-12-30T13:38:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/new-govt-bill-to-end-secrecy-on-big-data-breaches\/"},"modified":"1999-12-31T00:38:00","modified_gmt":"1999-12-30T13:38:00","slug":"new-govt-bill-to-end-secrecy-on-big-data-breaches","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/new-govt-bill-to-end-secrecy-on-big-data-breaches\/","title":{"rendered":"New Govt. Bill To End Secrecy On Big Data Breaches"},"content":{"rendered":"

Many Australian companies are failing to report ransomware – which locks users out of their computers until they pay a fee – and instead perpetuate the practice by coughing up the cash, according to financial services firm Deloitte.<\/p>\n

“I’m amazed at how many Australian businesses pay the money … certainly some super funds, insurers and corporates pay the money because it’s just easier to pay a few hundred dollars – and then they wonder why six weeks later they get hit again,” Deloitte’s James Nunn-Price told reporters yesterday.<\/span><\/font><\/div>\n

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Nunn-Smith said many companies only report the issue to police when the amounts involved escalate dramatically.<\/span><\/font><\/div>\n

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CERT Australia, the national computer emergency response team and a partner agency in the Canberra-based Australian Cyber Security Centre, says it responded to 11,733 cybercrime incidents in 2014-15.<\/span><\/font><\/div>\n

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However failure to report cybercrime and data breaches may soon no longer be an option for the bigger companies and agencies in Australia, with Federal Parliament due to debate a government bill in coming months that – if passed – would make notifications compulsory for companies with an annual turnover of more than $3 million.<\/span><\/font><\/div>\n

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The draft Privacy Amendment (Notification of Serious Data Breaches) Bill 2015 will also apply to any company currently subject to the Privacy Act. Small businesses at this stage are exempt.<\/span><\/font><\/div>\n

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The bill, if passed, will require notifications to be sent to all individuals whose personal information may have been exposed in a data breach.<\/span><\/font><\/div>\n

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At present, the Privacy Act 1988 requires government agencies and businesses subject to the Act to take “reasonable steps” to secure personal information they hold, but does not mandate notification following a breach.<\/span><\/font><\/div>\n

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The Office of the Australian Information Commissioner (OAIC) administers a voluntary data breach notification scheme. It received 110 such notifications in 2014.<\/span><\/font><\/div>\n

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Interested parties can examine the new draft Privacy Amendment bill and, if interested, make a submission, preferably by e-mail, by March 4. A 10-page discussion paper is available at the Attorney-General’s Department Web site.<\/span><\/font><\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Many Australian companies are failing to report ransomware – which locks users out of their computers until they pay a fee – and instead perpetuate the practice by coughing up the cash, according to financial services firm Deloitte.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,26],"tags":[],"class_list":["post-90685","post","type-post","status-publish","format-gallery","hentry","category-archive","category-technology","post_format-post-format-gallery"],"yoast_head":"\nNew Govt. 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