
Keep a client database? If your pet industry business is reasonably sized, you need to understand the Federal Government’s Notifiable Data Breaches laws.
If your company meets the criteria of $3 million a year, you are obliged to report data breaches to both the Privacy Commissioner and your customers, and you face steep fines if you fail to do so. READ MORE
63 data breaches were reported in just the first 6 weeks of operation. Health, level, accounting, management services, financial, private education and charities were all affected, and nearly half were due to criminal attacks. While there were relatively few persons affected in each case, there was an association between companies that hold financial information and extent of the attack.
WHAT TO DO?
Source: adapted from Smart Company May 2018
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