New data breach laws are in force, putting the onus on owners of businesses that collect data to protect and notify individuals whose personal information is involved in a breach.

The increasing risk of data breaches, the growing threat to personal information in an online world and the complex legal obligations surrounding this area are creating an ever bigger compliance burden on businesses, warns leading national boutique law firm Parke Lawyers.

Although breaches have occurred in the past with organisations inadvertently disposing of paper-based personal information, the risk now is much greater with so much data stored digitally and in the cloud,” says Parke Lawyers Managing Director and Business Law Specialist Jim Parke.

Our business lawyers are hearing about data breaches on a regular basis and no matter how good your software security systems are, breaches are a reality created either through human error, mischief, or simply because those looking for ways to disrupt are often one step ahead.

Mr Parke says the Notifiable Data Breaches (NDB) scheme affecting organisations covered by the Privacy Act 1988 came into effect on 22 February 2018.

This applies to organisations with an annual turnover exceeding $3 million or which are otherwise covered by the Privacy Act. It also app