Queensland government will implement a mandatory scheme for reporting data breaches, joining New South Wales as the only Australian states to do so. The bill will also require impacted organisations to inform customers directly of any breach, in a bid to improve transparency and better protect personal data. This follows the Coaldrake Review’s recommendation for such action.
Nearly 700,000 customers impacted after insider attack at US fintech firm
FinWise, which provides loans on behalf of US financial services firms, revealed a former employee accessed sensitive customer information after leaving the firm.
