Australia’s forthcoming mandatory data breach notification will require closer collaboration between legal and IT departments across businesses in all industries.
A recent report by Palo Alto Networks, The State of Cybersecurity in Asia Pacific, shows that Australian organisations are likely to embrace mandatory breach reporting requirements.
It revealed that 79% of IT decision-makers agreed that reporting breaches to regulators should be mandatory, while 69% believe reporting of data breaches to regulators will help prevent cybercrime.
In light of these findings and the upcoming new requirements, Palo Alto Networks outlines six steps businesses IT and legal departments can take to prepare for the mandatory data breach notification scheme:
Sean Duca Vice President and Chief Security Officer, APAC, Palo Alto Networks, commented: “Organisations need to make sure their IT, risk and legal teams work together to put a solid breach notification and communication plan in place. Such a plan can help avoid the associated PR disasters and possible litigation that may follow a breach. It could be the difference between retaining or losing clients and reputation.”