Practice Protect Articles

Legislation that penalises companies that fail to adequately protect customer data has been passed. From the Attorney-General’s Media Release: The Privacy Legislation Amendment Bill 2022 increases the maximum penalties for serious or repeated privacy breaches from the current $2.2 million penalty to whichever is the greater of: $50 million; three times the value of any […] Read more

The FBI and CISA have released a joint statement about the threat of the Cuba ransomware group. The Cuba Ransomware Group, who have no known association with the Republic of Cuba, is an active group that use ransomware to steal data, encrypt it, and demand that victims pay a certain amount to have their data […] Read more

An update on a big breach in Australia has come on the heels of news of other breaches (see: Optus breach and Woolworths breach). Medibank Private Ltd, Australia’s biggest health insurer, has announced that a cyber hack compromised the data of all of its customers. Nearly 4 million customers had their data compromised, meaning all […] Read more

Following the Optus breach, retail giant Woolworths have suffered a data breach in one of its subsidiaries. Woolworths says 2.2 million MyDeal customers’ details were exposed in a data breach. MyDeal is an online retail marketplace and is a subsidiary of the Woolworths Group. How did the breach happen? According to the company, a compromised […] Read more

The Optus breach has been all over the news, social media, your inbox. But what does this breach mean for accountants like yourself? More than 2 million people have had their data leaked in the recent breach. Let’s take a look at what the data leaked was: Government identification numbers Email addresses Date of birth […] Read more