What is Cyber Protection Insurance?
Cyber Protection Insurance is a relatively new form of cover. It’s designed to help protect your business from the financial impact of computer hacking or a data breach.
If you see it, report it!
In February 2017 the Senate passed the Privacy Amendment (Notifiable Data Breaches) Bill 2016 -setting up a mandatory nationwide data breach notification scheme. This means if you spot a security breach which may cause unauthorised access or disclosure of personal information, you’re legally required to report it to the Office of the Australian Commissioner within 30 days. You’ll also need to notify the people whose information has been affected.