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Mandatory NDB Implications


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Mandatory Notifiable Data Breach (NDB) Implications

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Mandatory NDB Implications

  1. 1. MANDATORY NOTIFIABLE DATA BREACH (NDB) IMPLICATIONS DATA BREACHES ARE PREVALENT AND COSTLY THE NDB IMPACTS COMPANIES THAT COLLECT AND STORE SENSITIVE USER INFORMATION IN AUSTRALIA of CONSUMERS WOULD MOVE AWAY from a COMPANY THAT EXPERIENCED TOO MANY DATA BREACHES3 Under the NDB, a breach of personal data must be REPORTED WITHIN 30 DAYS OF DISCOVERY READ THE WHITE PAPER Learn which steps to take to prepare for the NBD. 1. Ponemon Institute’s “2017 Cost of Data Breach Study” 2. Ponemon Institute’s “2017 Cost of Data Breach Study” 3. “Survey: Customers Lose Trust In Brands After A Data Breach,” Dark Reading, May 18, 2016. 76% 27.7% THERE’S A chance that a typical company will experience a data breach in the next TWO YEARS1 Average cost of a DATA BREACH is $3.62 MILLION 2 FAILURE TO COMPLY MAY RESULT IN FINES FOR UP TO MILLION DOLLARS1.8