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May 14, 2013

'Reasonable steps' key to data breach law impact

Security and technology heads at top Australian organisations say the impact of a mandatory data breach reporting scheme on businesses will largely depend on what the Federal Government determines are 'reasonable' security controls.

Plans for a data breach notification scheme were shared with a small number of stakeholders as the Exposure Draft Privacy Amendment (Privacy Alerts) Bill 2013, obtained by SC.

The scheme was recommended by the Australian Law Reform Commission in 2008 and would force organisations to notify the Federal Privacy Commissioner, affected consumers and on occasion the media when data breaches occur.

...

http://www.scmagazine.com.au/News/343002,reasonable-steps-key-to-data-breach-law-impact.aspx