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.
18 countries have unveiled the first international agreement on how to protect artificial intelligence from irresponsible players. It aims to develop AI solutions that are "inherently safe".
On November 30, the professional IT community GlobalCIO hosted a large-scaled international conference "Global CIO Insights: Digital Transformation with AI". During the event, leading experts shared their practical experience in launching projects utilizing artificial intelligence (AI) and highlighted approaches that helped elevate their companies to new heights.
Voting for projects participating in the "Project of the Year" contest is open. The voting began on December 1st and will continue until January 15th inclusive. The winners will be announced on February 7th, 2024.
Online sales is one of the areas where the quality of IT tools directly affects business profitability. Kamza Nugumanov, CIO of Jusan store, tells about the experience of deploying a rapidly growing Kazakh marketplace.