Australia's Privacy Act establishes a mandatory requirement to notify the Privacy Commissioner and affected individuals of data breaches. It took effect on February 22, 2018.
Thales’s Vormetric Data Security Platform provides the tools you need to protect your organization through:
On February 13, 2017, the Australian Senate passed a bill establishing a mandatory requirement to notify the Privacy Commissioner and affected individuals of "eligible" data breaches. The Privacy Amendment (Notifiable Data Breaches) Act 2017 amends Australia's Privacy Act 1988 and took effect on February 22, 2018 if no earlier date is proclaimed.
According to Global Legal Monitor:
A failure to notify that is found to constitute a serious interference with privacy under the Privacy Act 1988 can be penalized with a fine of up to … AU$1.8 million … (about … US$1.37 million …).
Section 26WG of The Act says breach notification is not necessary if “access or disclosure … would not be likely to result in serious harm.” The section further states:
Access to, or disclosure of, information would not be likely [to result in serious harm] if a security technology or methodology:
(i) was used in relation to the information; and
(ii) was designed to make the information unintelligible or meaningless to persons who are not authorised to obtain the information
Vormetric Transparent Encryption from Thales’s provides data-centric protection that ensures that if data is stolen, it is meaningless and therefore useless to those who steal it.
Moreover, Thales can help your organization keep breaches from happening in the first place through:
Thales protects the data itself through Vormetric Transparent Encryption with integrated Key Management for data at rest, Application Encryption, Tokenization with Dynamic Masking and other solutions. These techniques make the data meaningless and worthless without the tools to decrypt it.
The Vormetric Data Security Platform, from Thales, provides state of the art user access control:
Thales lets the enterprise monitor and identify extraordinary data access. Vormetric Security Intelligence Logs are detailed management logs that specify which processes and users have accessed protected data. They specify when users and processes accessed data, under which policies, and if access requests were allowed or denied. The management logs will even expose when a privileged user submits a command like 'switch users' in order to attempt to imitate, and potentially exploit, the credentials of another user. Sharing these logs with a security information and event management (SIEM) platform helps uncover anomalous patterns in processes and user access, which can prompt further investigation. For example, an administrator or process may suddenly access much larger volumes of data than normal, or attempt to do an unauthorized download of files. These events could point to an APT attack or malicious insider activities.
Perhaps the most comprehensive data privacy standard to date, GDPR affects any organization that processes the personal data of EU citizens - regardless of where the organization is headquartered.
Any organization that plays a role in processing credit and debit card payments must comply with the strict PCI DSS compliance requirements for the processing, storage and transmission of account data.
Data breach notification requirements following loss of personal information have been enacted by nations around the globe. They vary by jurisdiction but almost universally include a “safe harbor” clause.