Security News > 2022 > October > Australia Increases Fines for Massive Data Breaches

Australia Increases Fines for Massive Data Breaches
2022-10-26 11:13

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.

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.


News URL

https://www.schneier.com/blog/archives/2022/10/australia-increases-fines-for-massive-data-breaches.html