$50m Fines Cyber Data Breaches

Companies face $50m fines for multiple serious cyber data breaches.

The Australian government is set to introduce new cyber security legislation which would slam the country’s biggest companies with massive fines of up to $50 million if they are repeatedly cyber-attacked in a cyber crackdown.

Optus and Medibank cyber hacks prompt $50m data breach fines.

Companies that don’t do enough to prevent serious and repeated cyber privacy breaches could be fined $50 million under new laws.