The cyber resilience of companies and their history of data breaches is increasingly having a significant impact on the headline price post-completion deal value and risk-allocation profile of MA transactions With the notifiable data-breach scheme and the GDPR taking effect earlier this year there ...

Yahoo has recently come under fire from both the United States Securities and Exchange Commission and the United Kingdom Information Commissioners Office for delays in the disclosure to investors of its 2014 data breach. ...

Data breaches are disproportionately common in the health sector Whats more it is the only sector that has a higher rate of data breaches caused by internal factors such as employee carelessness or misbehaviour than by external threats Health sector data breaches are enabled it seems by the ...

On 24 September Treasury released for public consultation its revised version of the exposure draft legislation that will give effect to the new Consumer Data Right CDR in Australia Reflecting feedback from public consultation on the first tranche of draft legislation that was released on 15 August ...

In preparation for the implementation of the first phase of the Consumer Data Right CDR on 1 July 2019 and fresh off the consultation period for the Federal Governments draft CDR legislation the Australian Competition and Consumer Commission ACCC released the Consumer Data Right Rules Framework the ...

The draft legislation the Federal Government released to establish a regulatory framework for the implementation of a new Consumer Data Right will radically reform the data protection regime in Australia ...

The release of the exposure draft of the CDR legislation marks the start of a tight turnaround in order for the legislation to be passed in March 2019 particularly as the details and associated instruments have yet to be released The CDR regime has been advertised as producing a wide range of ...

As part of the new Consumer Data Right CDR framework a new regime of offences remedies and enforcement powers will be implemented The Australian Competition and Consumer Commission ACCC will have primary oversight for the enforcement of the regime though the OAIC will handle privacy complaints in ...

While the Consumer Data Right CDR regime is likely to benefit businesses by increasing access to greater consumer data and customers by increasing choice and competition the draft legislation leaves a lot of the details to be finalised at a later date primarily through the Australian Competition and ...

This article lists our top 10 'need-to-know's about the proposed framework for the implementation of the Consumer Data Right, including how these key aspects are likely to play out in the banking sector and what it all means for Australian businesses going forward. ...