Privacy Amendment (Notifiable Data Breaches) Act 2017 coming into force from the 22nd of February, 2018. Data breaches and major vulnerabilities discovered on an almost daily basis that are highly publicised in the mainstream media, as well as the European Unions GDPR regime that will come into effect in mid-2018. There are a number of factors at play, including the trends in interconnectedness, the ubiquitination of cloud compute services, the breakdown of the traditional network perimeter and the increasing sophistication of cyber-attacks.”]
Source: https://www.csoonline.com/article/3252091/mandatory-breach-notification-is-not-a-silver-bullet.html