Organisations Should Adopt These Rules to Protect Customer Information
Commentary
Numerous data breaches, which adversely affected the public image of Optus and Medibank, continue to be widely reported in the Australian media and ruefully acknowledged by the chief executive officers of these organisations. These breaches have escalated the significance of privacy and cyber security in political arenas.
These data breaches have put at risk millions of Australians who expected their data to be protected. Not surprisingly, on Oct. 26, the share price of Medibank tumbled from a high of $3.78 (US$2.42) to a low of $2.87 (US$1.84) when it returned to trading following a period of trade suspension, reflecting the dissatisfaction of its 3.8 million members….