Australia to toughen privacy laws with huge hike in penalties for breaches

Australia has confirmed an incoming legislative change will significant strengthen its online privacy laws following a spate of data breaches in recent weeks — such as the Optus telco breach last month.
“Unfortunately, significant privacy breaches in recent weeks have shown existing safeguards are inadequate. It’s not enough for a penalty for a major data breach to be seen as the cost of doing business,” said its attorney-general, Mark Dreyfus, in a statement at the weekend.
“We need better laws to regulate how companies manage the huge amount of data they collect

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