‘Boards to be liable for data breaches’

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May 12, 2016

MELBOURNE — Cyber security will be a key area of mainstream risk for corporate Australia and government in 2016, according to Perspectives On Cyber Risk, a report released by lawyers MinterEllison.
Partner Paul Kallenbach, a specialist in cyber security and data protection, signals that the increasing focus on cyber security, including the expected introduction of mandatory data breach legislation in Australia in 2016, will
increase the potential for Board members to incur personal liability as a result of a data breach.