CyberWatch: Australia

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

 

1
Primera Blue Cross Cyberattack
2
Reports and Surveys Updates
3
Government Regulation, Legislation and Enforcement Updates
4
Malaysia Airlines Breach
5
European Union – General Data Protection Regulation (GDPR)

Primera Blue Cross Cyberattack

by Jim Bulling and Julia Baldi

Primera Blue Cross, a U.S. health insurer announced up to 11 million customers could have been affected by a cyberattack, with hackers gained access to its computers on May 5 2014, and the breach only being discovered on January 29 2015. Affected customers are eligible for two years of free credit monitoring and identify theft protection services.

See the Primera press release here and a CIO article on the breach here.

Reports and Surveys Updates

by Jim Bulling and Julia Baldi

The Emergence of Cybersecurity Law Report
The Emergence of Cybersecurity Law report released by Hanover Research outlines trends and strategies in respect of in house counsel’s involvement in companies’ cybersecurity efforts.

See the report here.

Eurobarometer report on cybersecurity
European Commissions publishes special Eurobarometer report on cyber ecurity which shows EU citizens have significant concerns about cybercrime threats.

See the report here.

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.

Read More

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.

Copyright © 2018, K&L Gates LLP. All Rights Reserved.