PERSONAL INFORMATION MANAGEMENT – AUSTRALIA

Rules risk entrenching giants

roymorgansocial Leave a comment

Original article by Michael Bailey
The Australian Financial Review – Page: 9 : 11-Dec-18

LegalVision’s James Adler has questioned the merits of the ACCC’s proposal for an "opt-in" regime for the collection and use of customers’ personal data by digital platforms. Adler warns that the proposal would adversely affect many local digital start-ups while increasing the competitive advantage of established players such as Google and Facebook.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, LEGALVISION PTY LTD, GOOGLE INCORPORATED, FACEBOOK INCORPORATED

Australians worried about online privacy but slow to act

roymorgansocial Leave a comment

Original article by Roy Morgan
Market Research Update – Page: Online : 9-Jul-18

A Roy Morgan study into online privacy has found that around 90% of Australians aged +14 say it is unacceptable for companies to collect personal financial data (15% say it is "somewhat unacceptable" and 77% say it is "very unacceptable"), to scrape the contents of messages or emails (20% somewhat and 69% very unacceptable), or to collect health and medical data (15% somewhat and 74% very unacceptable) for the purpose of tailoring ads and offers to consumers. Less than 5% deem these practices to be acceptable (either very or somewhat acceptable). However, despite these concerns only around 15% of Australians claim to "always" or "often" read terms and conditions when signing up for online services, and over 54% rarely or never read them. The findings are based on interviews with a representative sample of 967 Australians drawn from Roy Morgan’s Single Source panel in June 2018.

CORPORATES
ROY MORGAN LIMITED

NAB client data sent to adult website owner

roymorgansocial Leave a comment

Original article by James Frost
The Australian Financial Review – Page: 17 : 10-Jan-17

An error at National Australia Bank (NAB) has resulted in the transfer of the personal details of 60,000 clients to David Weissenberg’s Real Assets Limited. The business owns domain names of a sexual nature such as sexpornhost.com, porncocktail.com, supersleazy.com and adultorientatedmaterial.com. NAB has reported that Weissenberg responded positively to the bank’s request to correct the error.

CORPORATES
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, REAL ASSETS LIMITED

Bad bank behaviour to be revealed

roymorgansocial Leave a comment

Original article by Phillip Coorey, Joanna Mather, James Eyers, Jonathan Shapiro
The Australian Financial Review – Page: 1 & 6 : 25-Nov-16

The House of Representatives standing committee on economics has released a report on banks. Treasurer Scott Morrison said on 24 November 2016 that the committee’s recommendations were "very constructive" and "very practical", thus signalling his willingness to accept them. The recommendations include the creation of a new unit to ensure the right level of competition in the banking sector and easier access to customer data collected by banks. Committee chair David Coleman has described Australia’s banking sector as an oligopoly.

CORPORATES
AUSTRALIA. HOUSE OF REPRESENTATIVES STANDING COMMITTEE ON ECONOMICS, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, RATESETTER AUSTRALIA PTY LTD, AUSTRALIAN BANKERS’ ASSOCIATION, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB

More Aussies comfortable giving out personal info online – despite increased concern for privacy

roymorgansocial Leave a comment

Original article by Roy Morgan Research
Market Research Update – Page: Online : 16-Sep-14

A Roy Morgan Single Source survey has found that 23 per cent of Australians aged 14+ were comfortable giving personal details over the internet in the year to June 2014. This compares with 19 per cent in the year to June 2011. Meanwhile, 34 per cent were comfortable giving out credit card details online, an increase of three per cent since 2011. The survey also shows that 65% of people who use the internet more than once a day are worried about invasion of their privacy through new technology, compared with 71% of those who use the internet daily or a few times per week

CORPORATES
ROY MORGAN RESEARCH LIMITED, APPLE INCORPORATED