Story image

How data security could help you avoid NDB breach reporting

26 Mar 2018

Australia’s Privacy Amendment Act (Notifiable Data Breaches) Act 2017 scheme rolled out on February 22 and Europe’s GDPR is just a couple of months away on May 25.

It’s likely that the number of reported data breaches will increase this year as customers’ data security becomes one of the most important developments of the 21st century.

Organisations that lose customers’ financial and sensitive data as a result of breaches are likely to lose 67% of their customer base, according to Gemalto's 2017 Data Breaches and Customer Loyalty report. To keep that loyalty, organisations must demonstrate that they are actively protecting their customer data.

Australian public sector agencies, health service providers, private sector firms with an annual turnover of more than $3 million, some small business and non-government organisations must comply with the Privacy Amendment (NDB) Act.

But not all data breaches require notification if certain data security methods have been put in place.

When appropriate security controls like data encryption and centralised key management are part of those security methods, and customer data is kept safe, organisations don’t need to notify customers.

Courtesy of Gemalto, the NDB has been stripped back to the facts you need to know.

  • What is the Australian Privacy Amendment (Notifiable Data Breaches) Act 2017?
  • Why was it created?
  • What does your organisation need to do to comply?

If you don't find the answers soon, you may face substantial penalties including fines, lost customers and increased risk of future data breaches.

Machine learning is a tool and the bad guys are using it
KPMG NZ’s CIO and ESET’s CTO spoke at a recent cybersecurity conference about how machine learning and data analytics are not to be feared, but used.
Pure Storage expands enterprise data management solutions
It has integrated StorReduce technologies for a cloud-native back up platform, and expanded its data fabric solution for cloud-based applications.
Survey finds DC managers want more efficiency, not horsepower
More servers and more CPU power used to be the answer to boosting data centre performance, but it appears this is no longer the case.
GoCardless to double A/NZ team by end of year
With a successful E round of investment and continuing organic growth globally, the debit network platform company aims to expand its local presence.
Micro Focus acquires Interset to improve predictive analytics
Interset utilises user and entity behavioural analytics (UEBA) and machine learning to give security professionals what they need to execute threat detection analysis.
TechOne bringing solar lights to students in need
The company is partnering with charity SolarBuddy to bring solar-powered lights to children in energy poverty to alleviate study stress after dark.
Universal Robots aims for A/NZ growth with new hire
Peter Hern takes on the role of leading customer support, sales and partner development for Universal Robots in Australia and New Zealand.
CylancePROTECT now available on AWS Marketplace
Customers now have access to CylancePROTECT for AI-driven protection across all Windows, Mac, and Linux (including Amazon Linux) instances.