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Privacy Act reforms to hit

Julia Talevski and Hafizah Osman | June 6, 2013
Significant and costly changes in the Privacy Act, scheduled for March 2014, are set to seriously impact the majority of companies handling personal information.

"Organisations need to review their third party Cloud providers to make sure there are clauses in those contracts to adhere to the Australian Privacy Act and how they manage their data, which is an important part of the new provisions," McAfee's Joel Camissar said.

The industry can also use privacy protection as a competitive differentiator. "Cloud service providers that want to engender customer trust will market the fact they look after customer privacy really well," Camissar said. "It could encourage people to place their business there rather than with a competitor that doesn't take privacy as seriously."

He pointed out Commonwealth Bank's Kaching payment app, which incorporates privacy as part of the development process. Cammisar also underscored how the bank strongly markets its obligation to protect money in an electronic vault as well as customer information in a digital vault.

 

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