Australia to introduce tougher penalties for data leaks
The legislation will increase the maximum fine for serious or repeated privacy violations to AUD$50 million ($32 million); three times the amount of any benefit resulting from the misuse of information; or 30% of the company's adjusted turnover for the corresponding period, whichever is greater. The current level is a fine of $2.22 million.
The bill will also give the Australian Information Commissioner broader powers to address privacy violations.
Earlier this month, SingTel reported that a second Australian business, Dialog, had also been cyber-attacked. As a result of the hacking, data on less than 20 clients and 1,000 current and former employees could have been obtained.
In recent years, the term “Internet of Things” (IoT) has become one of the most popular in the tech world. It promised to connect billions of devices. The next stage was the Industrial Internet of Things (IIoT), which brought revolutionary changes to production processes. Today, a new term is coming onto the scene – AIoT (Artificial Intelligence of Things), combining the capabilities of the Internet of Things with the power of AI.
Sixty-eight IT executives from 15 countries, including Brazil, India, USA, Saudi Arabia, Turkey, Kazakhstan, and Indonesia participated in the project.
June 2024 was a very dynamic month for AI and data analytics market, marked by significant events, product launches, and industry insights.
Artem Kalivanov, CIO of Beeline Uzbekistan, discussed IT project management in terms of project definition, management models like Waterfall and Agile methodologies, and the importance of Lean in process management.