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Following breaches at Medibank, Optus, Medlab Pathology operated by Australian Clinical Labs and Woolworths operated MyDeal, non-executive directors will soon face $50M fines for breaches of personal information. Insurance is now almost impossible to get for most businesses or at least you'll need to jump through more hoops to get a policy that may not cover you when you need it.
Following breaches at Medibank, Optus, Medlab Pathology operated by Australian Clinical Labs and Woolworths operated MyDeal, non-executive directors will soon face $50M fines for breaches of personal information. Insurance is now almost impossible to get for most businesses or at least you'll need to jump through more hoops to get a policy that may not cover you when you need it.
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