1 year ago

In 2022, cyber incidents in businesses and organizations worldwide have skyrocketed, withhttps://www.upguard.com/blog/data-breach beinghttps://www.upguard.com/blog/biggest-data-breaches. Their biggest healthcare insurance firm, Medibank Private,https://www.reuters.com/technology/australias-top-health-insurer-reels-after-data-breach-2022-11-07/https://www.upguard.com/blog/what-caused-the-medibank-data-breach that exposed the https://www.upguard.com/blog/personally-identifiable-information-pii and https://www.upguard.com/blog/protected-health-information-phi of almost 10 million people.

Australian businesses should familiarize themselves with what constitutes a data breach because not all data breaches are necessarily a result of exploited https://www.upguard.com/blog/vulnerability or cyber attacks.

Under Australian data security laws, an eligible https://www.upguard.com/blog/data-breach constitutes a loss,https://www.upguard.com/blog/access-control, or unauthorized disclosure of personal information that may cause “serious harm” to the data’s owner.

Australian businesses that hold, use, and store data must have a clear understanding of when a data breach involving personal information is likely to cause “serious harm.”