Australia Passes Bill to Fine Companies up to $50 Million for Data Breaches

The Australian government has passed a bill that markedly increases the penalty for companies suffering from serious or repeated data breaches. To that end, the maximum fines have been bumped up from the current AU$2.22 million to AU$50 million, 30% of an entity's adjusted turnover in the relevan...

Harsher penalties for data breaches in new Australian privacy bill

High-profile breaches mean high-profile action In the aftermath of another crop of high-profile data breaches, the Australian Government also known as the Commonwealth Government has introduced amendments to Australian privacy law which give the regulator new powers and the ability to impose...