Under the new Australian Privacy Act legislation, organisations must inform the Office of the Australian Information Commissioner (OAIC) and the general public if they suffer from a data breach. Organisations that need to comply with the Privacy Act include businesses or not-forprofit organisations with an annual turnover of $3 million or more. Non-compliance can result in serious reputational and financial repercussions, as well as financial penalties for failing to inform the OAIC and the public.
CyberArk provides a strong privileged access security strategy to help support data breach compliance. CyberArk solutions will help organisations:
- Protect and monitor access to sensitive personal data
- Secure processing through least privilege enforcement
- Detect and respond to breaches early
- Minimize risk against-non compliance