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Australia Increases Fines for Massive Data Breaches

published on 2022-10-26 11:13:48 UTC by Bruce Schneier
Content:

After suffering two large, and embarrassing, data breaches in recent weeks, the Australian government increased the fine for serious data breaches from $2.2 million to a minimum of $50 million. (That’s $50 million AUD, or $32 million USD.)

This is a welcome change. The problem is one of incentives, and Australia has now increased the incentive for companies to secure the personal data or their users and customers.

Article: Australia Increases Fines for Massive Data Breaches - published about 2 years ago.

https://www.schneier.com/blog/archives/2022/10/australia-increases-fines-for-massive-data-breaches.html
Published: 2022 10 26 11:13:48
Received: 2022 10 26 11:30:15
Feed: Schneier on Security
Source: Schneier on Security
Category: Cyber Security
Topic: Cyber Security
Views: 1