Epic IT have developed data security solutions equipping organisations with the necessary tools to reduce the risk of eligible breaches occurring. We make it very affordable to deploy even a basic cover by offering a good selection of plans. Some plans are better suited to different industries and contain varying levels of security features.
Every business should take necessary precautions to protect their data from a breach situation. The NBD scheme strictly requires for following entities to comply:
Not all small business operators (SBO) are exempt from NBD. A SBO must comply with NBD that either:
Organisations are required to notify the OAIC in addition to notifying individuals affected by an ‘eligible data breach’. Failures to comply with the NDB scheme can attract fines up to $2.1 million.
GDPR is an EU law quite similar to the NDB Scheme however its scope extends globally. Coverage includes any organisation that processes EU resident’s personal data.
From 25 May 2018, data breaches need to be reported to the supervisory authority. Reports must be done within 72 hours of first having become aware of the breach that has been deemed to be a “risk for the rights and freedoms of individuals”. In addition, data processors are required to report all personal data breaches to their controllers (their customers) within this period.
Organisations in breach that fail to comply with the GDPR do face hefty fines. Organisations may be fined up to 4% of their annual global turnover or €20 Million (whichever is greater). This is the maximum fine that can be imposed for the most serious infringements. A tiered fine approach exists for lesser breaches of GDPR. For example, a company can be fined 2% for not having their records in order. Or may be fined for not notifying the supervising authority and data subject about a breach. Companies may also be fined for not conducting impact assessment.
NOTE: Information have been sourced from the EUGDPR.org website. For further information about the GDPR, please visit the website
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