Peak records management group calls current data security environment a ‘ticking time bomb’
The head of the Records and Information Management Practitioners Alliance (RIMPA) has called on Australian businesses to comply with best practices for managing customer data and for government to introduce minimum standards framework for how businesses manage private information.
The demand for greater regulation comes off the back of one of Australia’s largest data breaches, with Latitude Financial revealing last week that 14 million records had been compromised by a malicious actor.
According to RIMPA chief executive Anne Cornish, the COVID-19 pandemic drove many companies to rush their digital expansion, leading to lax data security measures.
“The pandemic forced businesses to digitalise — and fast. For many, this ‘digital by default’ movement came quickly and without much preparation, leading to rash decisions, which unfortunately exposed many businesses to greater cyber risk,” she said.
“It’s time we question how long companies are required to maintain customer data, as the longer personal data is kept, the more at risk companies are of exposing this…
