Trust in cyberspace has never been lower. Amidst the Facebook–Cambridge Analytica scandal, the recent Notifiable Data Breaches Scheme and the upcoming EU General Data Protection Regulation, users have a newfound scepticism towards volunteering personal information while companies face intense scrutiny as to how that information is used.
The Australian Privacy Principles (APPs) as documented in the Privacy Act outline how all private sector and not-for-profit organisations with an annual turnover of more than $3 million, all private health service providers, most government agencies and some small businesses must handle, use and manage personal information. Those who do not comply face penalties of up to $2.1M.
With the recent Privacy Amendment Act and the Facebook data crisis, many businesses now feel the threat of penalties and public scrutiny looming over them like the sword of Damocles. Don’t risk it, get in touch with Rankin & Co.