Introducing a harsher data breach penalty regime without addressing the payment of cyber ransoms has created a “perfect storm” that could lead to reduced reporting of incidents, according to identity and cyber support service IDCare. In November, the Albanese government passed new laws that significantly increased fines against companies for serious or repeated privacy breaches,…

The post New penalties create ‘perfect storm’ for data breach secrecy appeared first on InnovationAus.com.

This post was originally published on InnovationAus.com.