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Australia to introduce tougher penalties for data leaks

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The Australian government is preparing to introduce legislation toughening penalties for privacy violations after a large-scale hacking of the mobile operator Optus.

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.

The integration of Artificial Intelligence (AI) into business operations marks a transformative era, enhancing efficiency and innovation across industries. From revolutionizing HR with automated recruitment to aiding early disease detection in healthcare, AI's impact is profound. It enables predictive cybersecurity, personalized customer interactions, and accelerated software development in IT. 

Lots of news from technology vendors and modern cases on how to use data analytics for operations excellence – this is what March brought us this year.

In this issue we looked at the drivers and bright trends in retail. AI will undoubtedly be the leader among technologies for several years ahead in retail, and in the economy in general. Its emergence in wide access has opened up incredible opportunities for improving business efficiency.

“Before the automation introduction, the process was complicated by the fact that the address system was stationary, not dynamic. We could not automate serial and batch accounting of products. It was not possible to automate the warehouse replenishment processes, both planned and on order. The accounting system did not reflect all goods movements,” says Alexander Permyakov, head of the warehouse complex.

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