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More Red Tape Not the Answer to Optus Data Leak: Business Law Expert

Started by Epoch-Times-Bot, Sep 28, 2022, 08:00 PM

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Epoch-Times-Bot

Sep 28, 2022, 08:00 PM
More Red Tape Not the Answer to Optus Data Leak: Business Law Expert

Increasing government bureaucracy is not necessary to mitigate the fallout of the Optus cyberattack, says an Australian business law expert.
Australia's second-largest telecommunication company, on Sept. 22, revealed a user known as "OptusData," demanded US$1 million for the stolen personal details of 9.8 million Optus customers, including driver's licence details, passport numbers, home and email addresses, and Medicare numbers.
Cyber Minister Clare O'Neil on Monday criticised Optus, saying that a data breach of this size would have resulted in fines "amounting to hundreds of millions of dollars" in other jurisdictions.
The Epoch Times understands O'Neil was referring to the European general data protection regulation (GDPR), which would fine companies up to four percent of their global revenue for such a leak....

Source: More Red Tape Not the Answer to Optus Data Leak: Business Law Expert

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