Protect yourself: Own your cyber risk

0
240

This week the Office of the Australian Information Commissioner (OAIC), released its Notifiable Data Breaches (NDB) Scheme report. This quarter, there were 30 more data breaches reported in than in Q1, with the health service reported to be the country’s most affected sector (47 NDBs reported). The finance sector followed closely with (42 NDBs) and in one single incident, over 10 million individuals had their information compromised.

The majority of breaches were attributed to malicious or criminal attacks, which accounted for 62 per cent of all breaches, followed by human error (34 per cent) and system faults (4 per cent).

Interestingly, as attacks increase, the OAIC will curtail its reporting to just twice a year. That could be a story in itself, however when you look at the amount of attacks – and the calibre – it is certainly a good time to tighten security protocols. The OAIC is putting that onus on businesses,” said Australian Information Commissioner and Privacy Commissioner Angelene Falk.

“The reporting regime has been well accepted and the onus is now on organisations to further commit to best practice in combating data breaches and improving response…

Read More…