CyberWatch: Australia

Insight on how cyber risk is being mitigated and managed in Australia and across the globe.

 

1
Government Regulation, Legislation and Enforcement Updates
2
Malaysia Airlines Breach
3
European Union – General Data Protection Regulation (GDPR)

Government Regulation, Legislation and Enforcement Updates

by Jim Bulling and Julia Baldi

China Introduces new Cybersecurity Laws
China introduced new cybersecurity laws, which require both local and foreign banks and financial institutions with Chinese clients (including Australian financial institutions) to use IT equipment deemed “secure and controllable” by Beijing. The breadth of the laws has upset foreign financial institutions given the potential cost of compliance if foreign entities must implement IT equipment systems in accordance with Chinese directives.

See the Financial Times report here.

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European Union – General Data Protection Regulation (GDPR)

by Jim Bulling and Julia Baldi

The European Union has indicated an intention to finalise the General Data Protection Regulation (GDPR) before the end of 2015. This has the potential to effect Australian companies operating or storing data in Europe.

See the EU press release here.

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