Australia flags privacy overhaul after huge cyber attack on Optus

Australia plans to toughen privacy rules to force companies to notify banks faster when they experience cyber attacks. Hackers targeted the country’s second-largest telecoms firm last week. Home addresses, drivers’ licences and passport numbers of up to 10 million customers, or about 40% of the population, were compromised. Prime Minister Anthony Albanese called the incident “a huge wake-up call” for corporate sector. Australia has been looking to beef up cyber defences and pledged in 2020 to spend A$1.66 billion ($1.1 billion)

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