Analytics, security and data-governance vendors are lining up to help businesses that have been caught out by the activation of the European Union’s general data privacy regulation (GDPR) and the looming introduction of similar Australian policies that threaten to overrun companies with consumer data requests.
Eurovision may have accepted Australia as one of its own, but Australian businesses may be hoping European Union authorities forget about them for a while as survey after survey suggests that they have missed today’s deadline for compliance with the EU’s general data protection regulation (GDPR) by a country mile.
According to new research conducted by the Ponemon Institute, Australia and New Zealand have the highest levels of data breaches out of the nine countries investigated. This was linked to heavy investment in security detection and an under-investment in security and vulnerability response capabilities
Concerted education campaigns and increasing technological familiarity are doing nothing to stem the uphill battle against escalating fraud, with new figures confirming Australians were fleeced out of $340 million by scammers in 2017 alone.
It’s not that consumers don’t ever want to share personal information – but, as the online world commemorated Privacy Awareness Week (PAW) 2018, the point was made that they only want to do so with companies they trust.
Many companies are being caught out when their “probabilistic” data security measures prove inadequate in the face of a breach, a CSIRO data scientist has noted in arguing for a more concrete, numbers-based method for evaluating the effectiveness of corporate security policies.
Read Full Article
Read for later
Articles marked as Favorite are saved for later viewing.
Scroll to Top
Separate tags by commas
To access this feature, please upgrade your account.