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The US securities regulator is reportedly looking into Facebook's disclosures to investors about the harvesting of user data by political research firm Cambridge Analytica, as the company faces the threat of a privacy class action in Australia over the data debacle.
IMF Bentham is considering funding a privacy class action against Facebook for allowing political research firm Cambridge Analytica to harvest information from the Facebook accounts of over 311,000 Australians.
Facing the threat of a class action, HR software company PageUp said Tuesday that customer information was likely compromised during a recent system breach.
HR software company PageUp may be the first company to face a data breach class action in Australia following a new mandatory data breach notification scheme that should make it easier for law firms to recruit class members.
The ACCC is considering a report by US-based Oracle into Google's tracking of Australian Android phone users as part of the regulator's broader inquiry into digital media.
The Federal Government has promised $44.6 million over the next four years to establish a National Consumer Data Right that will enable consumers and small businesses to better protect their online data.
Commonwealth Bank of Australia has admitted a breach of data affecting nearly 20 million accounts, but said Thursday there was no evidence that customers' details were stolen.
The Office of the Australian Information Commissioner has confirmed a news report that it received a notice of a health data breach every other day after its mandatory data breach scheme took effect.
The Privacy Commissioner on Thursday opened an investigation of Facebook on the heels of confirmation by the social media giant that the data of over 300,000 Australian users may have been improperly harvested.
The head of Australia's consumer regulator says the agency will look at whether Facebook is misleading users about how it collects and uses their data, in light of revelations that millions of Facebook users unknowingly had their data harvested by political research firm Cambridge Analytica.