Australia Announces Tougher Fines for Data Breaches Following Recent Cyberattacks

Australia on Saturday proposed tougher penalties for companies that fail to protect customers’ personal data after two major cybersecurity breaches left millions vulnerable to criminals. The penalties for serious breaches of the Privacy Act would increase from AUD 2.2 million (nearly Rs. 11 crore) now to AUD 50 million (nearly Rs. 260 crore) under am...

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