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Daily Dashboard | Australia moves to increase information sharing between banks, telecoms Related reading: A view from DC: A recap of the TikTok hearing


Following the cyberattack of Australian telecommunications company Optus, the Australian government released new consumer privacy rules Oct. 6, Reuters reports. The revised rules are intended to better “facilitate targeted data sharing" between telecom providers and banks. Per the changes, telecom providers will be able to "share government-issued identification documents with banks" so they can conduct “enhanced monitoring” of customers affected by a data breach. Banks must destroy the information when it is no longer necessary and it can only be used for the single purpose of responding to a cybersecurity incident.
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