Australia has recently taken significant action in the realm of data security that will potentially have global impact. In December 2018, the Australian Competition and Consumer Commission (“ACCC”) released recommendations on ways big technology companies can improve data security.
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The GDPR updates the EU’s 1995 framework data privacy law—which is outdated due to the technological advances that have occurred since the mid-1990s. The European Commission proposed the GDPR in 2012, to modernize the law and create greater harmonization across the EU. However, the current law is implemented in 20 different ways across the union which makes it challenging for multinational companies to comply. Due to the law’s very broad territorial reach, it applies to companies both in the EU and outside of the EU that collect and process personal data in connection with an EU establishment.
read more The global financial system is a network that efficiently moves trillions of dollars among billions of people every day, but it’s constantly threatened by fraud and crime.
read more Two major security flaws recently discovered in nearly all the world’s microprocessors, termed Meltdown and Spectre, leave much of the world’s computers vulnerable to hackers looking to steal entire memory contents. They allow a malicious process that can read all memory on computers, cloud servers, and smartphones without permission and can impact a wide range of processors.
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