Australian companies will face “U.S. levels of litigation” should they not prepare for and adhere to forthcoming breach reporting mandates, CIO reports. “Litigation would be initiated for breach of privacy obligations embedded in customer contracts and by consumer customers,” Jones Day’s Adam Salter said in the report. “Breach notification also means that cyber breaches could now be very public events that can result in private litigation, reputation and brand harm, and lead to governmental investigations, thereby increasing the legal risks to the reporting business,” added Jones Day’s Mauricio Paez.
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