Optus and Medibank hacks prompt government to increase fines for massive data breaches to a minimum of $50 million
Key points:
- - The federal government believes the current $2.2 million fine is insufficient after recent cyber-attacks
- - Attorney-General Mark Dreyfus will fast-track amendments to the Privacy Act next week
- - The proposed legislation will see the fine for "serious or repeated privacy breaches" increase
abc news link: https://www.abc.net.au/news/2022-10-21/data-breach-fines-increase-after-medibank-optus-hacks/101564614
This is pretty huge news guys.
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