The Australian Government has released its 2023-2030 Cyber Security Strategy. The Strategy sets 6 cyber shields that form an overarching framework to bolster Australian cyber security. The shields are as follows: Strong businesses and citizens Provide more widespread protection for businesses and citizens through cyber maturity assessment ransomware reporting, and the development of the Digital …
Continue reading “Australian Government releases its 2023-2030 Cyber Security Strategy”
The Senate Legal and Constitutional Affairs Legislation Committee has issued 12 recommendations on how to improve the Identity Verification Services Bill 2023, focusing on privacy safeguards. The Bill creates a legislative framework that underpins the function of the government’s identity verification services, which are used to compare and verify individual information against documents and existing …
The Australian Taxation Office (ATO) has recently released extensive non-binding web guidance on taxing crypto assets for individuals engaging in crypto activities. The guidance spans three crucial subsections, aiming to shed light on the taxation nuances surrounding crypto asset transactions involving gift cards or debit cards, crypto asset prizes and gambling winnings, and the complexities …
Continue reading “ATO releases web guidance on cryptocurrency taxation”
The eSafety Commissioner has imposed a hefty fine of $610,000 on the social media platform X, formerly known as Twitter, citing a significant failure in reporting mechanisms. The penalty underscores the growing importance of accountability and user safety in the realm of social media in Australia. The eSafety Commissioner took decisive action against X after …
Continue reading “Social media platform X fined $610,000 for reporting failure”
The Bletchley Declaration was signed by Australia and 27 other countries at the Artificial Intelligence (AI) Safety Summit in Bletchley Park, United Kingdom. The Declaration establishes a pivotal shared understanding of the opportunities and risks associated with frontier artificial intelligence and is designed to unify the countries in the responsible development and use of AI …
Continue reading “The Bletchley Declaration ushers in global artificial intelligence unity”
The Australian Cyber Security Centre, under the Australian Signals Directorate (ASD), published the annual Cyber Threat Report 2022-23. The report highlights escalating cyber threats throughout various Australian industries as malicious actors demonstrated the intent and capability to compromise vital systems. To summarise: State actors, focusing on critical infrastructure, were specifically susceptible to data theft and …
Continue reading “The Cyber Threat Report 2022-23 records rise in cyber attacks”
The recently published Office of the Australian Information Commissioner (OAIC) Annual Report for the 2022-2023 fiscal year offers a comprehensive evaluation of the work performed by the OAIC to uphold data protection and privacy in Australia. The OAIC’s functions include conducting investigations, managing complaints, reviewing decisions under freedom of information legislation, monitoring agency administration, and …
Continue reading “Key findings from the OAIC 2022-23 Annual Report”
The automotive industry is undergoing a technological revolution, with modern vehicles equipped with a plethora of sensors and advanced computing capabilities. While these innovations have significantly enhanced the driving experience, they have also raised concerns about the collection and sharing of sensitive consumer data. From GPS locations to personal preferences, vehicles are increasingly becoming repositories …
Continue reading “How modern vehicles collect and use your data”
The Australian Competition and Consumer Commission (ACCC) and the Office of the Australian Information Commissioner (OAIC) recently published their joint Compliance and Enforcement Policy for the Consumer Data Right (CDR), solidifying the regulatory framework for data sharing among businesses and consumers. The policy aims to enhance data protection, promote transparency, and ensure compliance with the …
The Australian Treasury has released a Proposal Paper introducing a regulatory framework to address consumer harms in the cryptocurrency ecosystem whilst supporting innovation and development. This entails regulating exchanges, custodians, and other digital asset service providers in line with the Australian Financial Services (AFS) licensing scheme. The introduction of licensing requirements is expected to bring …
Continue reading “Treasury releases Proposal Paper for cryptocurrency licensing”
