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Panama Papers: Legal implications for your organisation’s cybersecurity

Michael Wigley | May 17, 2016
The law is an important facet of the multi-disciplinary approach required to manage an organisation’s cybersecurity risk. The Panama Papers hack at law firm, Mossack Fonseca, illustrates two points from a legal perspective.

For example, New Zealand’s data protection regulation – the Privacy Act - requires that “everything reasonably within the power of the [organisation] is done to prevent unauthorised use or unauthorised disclosure of the information.”

Many of the cyberattacks involving organisations have been made via third parties such as suppliers that are associated with the organisation which is the ultimate target, instead of directly against the organisation.

So the legal duties as to the organisations’ suppliers and other third parties are particularly significant.

 

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