Legislation introduced in the wake of massive cyberattacks against Optus and Medibank that will increase penalties for serious privacy law violations to $50 million has sailed through the House just two weeks after being introduced.
Companies will face penalties of up to $50 million for serious privacy law breaches under legislation to be introduced the Attorney-General following data breaches by Optus, Medibank and Woolworths unit MyDeal.
Medibank has become the latest company to fall prey to a cyberattack, but the health insurer says so far there’s no indication customer data has been compromised.
Optus has been hit with a class action-style complaint over a massive data breach that exposed the personal information of up to 1o million current and former customers.
Rules governing telecommunications companies will be amended in the wake of the Optus data breach that exposed the personal information of nearly 10 million customers.
The federal government has flagged reforms to Australia’s privacy laws in the wake of a cyberattack that left the data of up to 10 million current and former Optus customers exposed, including heftier penalties for companies that fail to safeguard users’ personal data.
As the FBI joins the hunt for the hackers behind last week’s massive data breach at Optus, a second law firm has launched an investigation into possible claims against the telecommunications giant.
Telecommunications giant Optus may face a class action over a cyberattack that left the data of up to 10 million current and former customers exposed.
A data breach compromising the records of up to 9.8 million Optus customers has been referred to the Australian Federal Police for what the agency said would be a “complex, criminal investigation”.
Telstra has agreed to deregister 162 radiocommunications sites after the ACCC expressed concerns the acquisition could stymie competition by hampering the rollout of Optus’ 5G network.