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How safe is your business from a cyber-attack?

January 17, 2018

Are you locking the doors of your business each night only to leave the windows opens? The fact is many of us are, metaphorically speaking, without even knowing it.

 

From February 22, all Australian businesses with an annual turnover in excess of $3 million will be required to notify the government within 30 days of any breaches where client’s personal data has been accessed.

 

This means the government is effectively forcing businesses to make sure both their windows and doors, in a cyber-sense, are well and truly locked keeping the private information of clients protected.

 

“We believe the recruitment industry is ready for what is a significant change,” Mark Laudrum, Director of RCSA Insurance, said. “Over 50% of our recruitment clients are actively purchasing cyber insurance to support them for if and when their data is breached.

 

“Whether their IT systems are adequately secure and their staff appropriately trained to prevent breaches is, of course, another question.”

 

What the new law means?

 

Under the Mandatory Data Breach Notification scheme, businesses have 30 days to report any known data breaches to the government.