Tag archives: enforcement

Cyber Risk, Data Breaches and the NDB Scheme – What are the Australian Privacy Commissioner’s range of powers?

The Notifiable Data Breach Scheme (NDB Scheme) came into force on 22 February 2018, resulting in various changes to Australia’s privacy law. In previous posts, we have considered: the nature and contents of notification statements; how to identify which data breaches need to be notified; the steps to be taken when an organisation suspects a … Continue reading

ASIC’s enforcement priorities: what do they mean for insurers?

ASIC has released its enforcement report for the period 1 January 2017 to 30 June 2017, which outlines ASIC’s enforcement results during the period.  The report also provides an overview of some of ASIC’s enforcement priorities, the top three of which are: (1) Gatekeeper culture and the ‘big end’ of town ASIC continues to focus … Continue reading

What ASIC has in store for the insurance industry in 2017

Recently, the chairman of the Australian Securities and Investments Commission (ASIC), Greg Medcraft, delivered a speech to the Insurance Council of Australia Forum on the current insurance environment and ASIC’s priorities for the coming year, with a focus on the insurance industry. Current Environment Mr Medcraft acknowledged that 2016 was an eventful year for the … Continue reading
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