Recent data breaches in Australia highlighted the lack of effective privacy controls in organizations and led to changes to the Privacy Act 1988, including increased penalties from AU$2.2 million to AU$50 million. Former Westpac Banking Group executive manager, privacy, Marta Ganko, CIPP/E, CIPM, FIP, said while much attention has been paid to the penalty increase, the largest change is to the applicability of the Privacy Act to organizations operating globally and in Australia, which means "higher penalties could apply to a whole new set of businesses overnight."
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