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The Guardian - AU
The Guardian - AU
National
Amy Remeikis and Paul Karp

Australian companies to face fines of $50m for data breaches

Optus Mark Dreyfus Labor
Computers connected together by a mesh of network cables
Penalties for serious or repeated data breaches will increase from $2.2m to whatever is higher; $50m, three times the windfall of the hack, or 30% of a company’s turnover. Photograph: Alain Jocard/AFP/Getty Images

Companies that fail to adequately protect people’s data could face fines of $50m or more under new legislation to be introduced next week.

After Optus and Medibank reported significant breaches of customer data, including sensitive health information, the Albanese government was now moving to increase penalties for serious or repeated breaches of customer data.

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