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Oct 2, 2024 | 
lexology.com | Cameron Whittfield |Peter Jones |Merryn Quayle |Brendan Donohue |Josh Kain |Christine Wong | +4 more
September was a big month in Australian cyber. Regulators and government agencies competed for headlines. Threat activity was prolific. The Australian Financial Review Cyber Summit drew heavyweights from across the sector. And HSF released its 2024 Cyber Risk Survey report!At the Summit, Minister Burke gave us a taste test of upcoming cyber law reform. There was a lot of discussion around the so-called ‘limited use’ provisions, as industry came to grips with the fact it will not offer ‘safe harbour’.
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Sep 2, 2024 | 
lexology.com | Cameron Whittfield |Peter Jones |Merryn Quayle |Brendan Donohue |Josh Kain |Christine Wong | +6 more
We celebrated Corporate Plan season in August, with each of APRA and ASIC noting that cyber resilience is a key area of focus and investment for the 2024-25 period. In the context of persistent delays to Privacy Act reform, the OAIC is focusing on preserving its regulatory remit regarding the NDB scheme.
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Aug 5, 2024 | 
lexology.com | Cameron Whittfield |Peter Jones |Merryn Quayle |Brendan Donohue |Josh Kain |Christine Wong | +4 more
The CrowdStrike/Microsoft outage naturally dominated headlines in July. It will likely have a short-term impact on the insurance market and the cybersecurity market more generally – a market in which one player notably decided to go it alone, after Wiz rejected Google’s takeover offer. Before Minister Tony Burke assumed responsibility for the cyber security portfolio,Minister Clare O’Neil foreshadowed a new bill that would mandate the disclosure of ransom payments if passed.
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Jul 31, 2024 | 
lexology.com | Kaman Tsoi |Julian Lincoln |Peter Jones |Marine Giral |Katherine Gregor |Kwok Tang | +2 more
The Australian Government is expected to release a bill or draft bill in relation to the Privacy Act review, this August. This will have come almost a year after announcing its support or in principle support for 106 of the 116 recommended reforms in the Attorney-General’s Department Privacy Act Review Report 2022.1The reforms will involve the most significant changes to Australian privacy law since the 2014 reforms, which introduced the Australian Privacy Principles (APPs).
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Jul 15, 2024 | 
lexology.com | Alice Molan |Kaman Tsoi |Ayman Shash
Protection of vulnerable customers, combating scams, supporting customers through hardship and managing risks associated with artificial intelligence are key policy areas of government which are likely to influence how credit reporting reforms are shaped. We have examined how broader policy considerations are likely to affect the review of Australia’s credit reporting regime.
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Jul 5, 2024 | 
pymnts.com | Julian Lincoln |Patrick Clark |Kaman Tsoi
By: Julian Lincoln, Patrick Clark, Kaman Tsoi, Neeharika Palachanda & Kathryn Quinn (Herbert Smith Freehills)Australia’s Digital ID SchemeOn May 30, 2024, Australia enacted the Digital ID Act 2024 and the Digital ID (Transitional and Consequential Provisions) Act 2024, after nearly three years since the initial draft was released and following a $288.1 million boost from the federal budget.
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Jul 2, 2024 | 
lexology.com | Cameron Whittfield |Peter Jones |Merryn Quayle |Brendan Donohue |Josh Kain |Christine Wong | +4 more
June started off with a bang, when the OAIC launched proceedings against Medibank for its alleged breach of the APPs. Other regulators were busy too, with ACMA pursuing Optus for non-compliance in relation to its 2022 data breach and APRA clarifying its expectations regarding the adequacy of backups. Data stolen from Ticketek and Victoria Racing Club has reportedly been leaked, and MediSecure has demonstrated the financial distress that a cyber-attack can cause.
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Sep 29, 2023 | 
mondaq.com | Julian Lincoln |Kaman Tsoi |Marine Giral
Of the 116 proposals in the Report (which we summarised in this earlier briefing), the Government agrees with 38 proposals, agrees in-principle to 68 proposals and 'notes' 10 proposals: Agrees – draft legislation to be introduced in 2024: This category includes proposals to introduce: a new mid-tier penalty for breaches (even if they are not serious and / or repeated) and a lower-level civil penalty for administrative breaches with the power for the Office of the Australian Information...
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Aug 3, 2023 | 
mondaq.com | Peggy Chow |Kaman Tsoi |Duc Anh Tran |Claire Wiseman
AI booms - whilst regulation looms
Peggy Chow,
Kaman Tsoi,
Duc Tran and
Claire Wiseman join Aoife Xuereb to discuss the increasing use of
AI in consumer sector digital marketing strategies. Analysing
customer data to personalise content and target advertising
according to purchasing behaviour and demographic information has
become commonplace, along with the use of tools such as chatbots to
automate customer service conversations.
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Aug 2, 2023 | 
lexology.com | Peggy Chow |Kaman Tsoi |Duc N. Tran |Claire Wiseman |Aoife Xuereb |Andrew Rich
Click here to listen to the audio. AI booms – whilst regulation loomsPeggy Chow, Kaman Tsoi, Duc Tran and Claire Wiseman join Aoife Xuereb to discuss the increasing use of AI in consumer sector digital marketing strategies. Analysing customer data to personalise content and target advertising according to purchasing behaviour and demographic information has become commonplace, along with the use of tools such as chatbots to automate customer service conversations.
