Having your business information compromised, lost or stolen by an external party or even a disgruntled employee can be awkward. Your clients trust you with their information and you need to take all reasonable measures to protect it. But when the worst happens, what should you do? Should you avoid losing your clients’ confidence and attempt to keep it quiet?
New changes to the Privacy Act, referred to as the ‘Notifiable Data Breaches (NDB) Scheme’ commenced on Thursday 22nd February 2018 and now means this decision is easy for certain businesses to whom the changes apply.