Compliance Guide: Australia & its New Telco Regulation (2022)
Of the many lessons that can be learned from how the Optus data breach was handled, one stands out - Australia’s privacy laws are not equipped to support Aussie data breach victims. To change this, the Australian Government is amending its Telecommunications Regulations 2021 Act. APRA-regulated financial entities can now be involved in efforts to mitigate financial fraud following a data breach.