Data security is a hot global topic right now. New laws that closely regulate data security practices seem to be popping up everywhere in order to account for all of the data people transmit electronically daily. Attorneys have been tightening their practices to protect confidential data and advising their clients to do the same. However, some organisations may not be aware that they could be liable for data breaches perpetrated by their employees – even in seemingly unrelated situations.
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Everyone knows about the General Data Protection Regulation (GDPR). The GDPR is the EU’s new privacy regime in the region. Over a year has passed since its implementation and organizations are discovering how strict EU countries will enforce the law. One main provision of the GDPR is for organizations to have security measures in place that will safeguard private consumer data.
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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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Law firms are in the information business. Information is a critical operational asset for firms, and is effectively the primary product. With the dramatic explosion of the volume of information and the risks inherent in operating in a largely digital universe, it is not only prudent but critical for firms to invest in developing an effective information governance strategy and a mature records and information management (RIM) program.
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