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...

Australian Health Insurer Medibank Suffers Breach Exposing 3.9 Million Customers' Data

Australian health insurance firm Medibank on Wednesday disclosed that the personal information of all of its customers had been unauthorizedly accessed following a recent ransomware attack. In an update to its ongoing investigation into the incident, the firm said the attackers had access to...