Why mandatory data-breach reporting makes sense

Most companies take customer privacy very seriously but don't like owning up to data breaches. A mandatory breach reporting regime is a good way of fixing that problem and a win for customers and businesses alike.

In an age of Facebook, eBay and online banking, data privacy is becoming more important than ever before. The majority of Australians have personal information stored online with a range of organisations and companies – information we’d rather the whole world didn’t have access to.

discussion paper released by federal Attorney-General Nicola Roxon on Wednesday could be a step forward in the fight to keep private data, well, private.

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