Your data at risk in takeovers

Original article by Glenda Korporaal
The Australian – Page: 1 & 2 : 21-Aug-19

Foreign Investment Review Board chairman David Irvine has stressed the need to closely scrutinise foreign bids for companies that own data centres or hold Australians’ personal data. Irvine has used an Australia China Business Council speech to argue that data must be afforded the same level of protection as critical infrastructure such as ports, water supply and the power sector. He added that the FIRB’s tougher stance on the issue of data security has not attracted much concern among foreign investors.

CORPORATES
AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIA CHINA BUSINESS COUNCIL, AUSTRALIAN SECURITY INTELLIGENCE ORGANISATION, AUSTRALIAN SECRET INTELLIGENCE SERVICE, AUSTRALIA. CRITICAL INFRASTRUCTURE SECTOR, SIRTEX MEDICAL LIMITED, NATURE’S CARE, LIFE-SPACE GROUP, HEALIUS LIMITED – ASX HLS, JANGHO GROUP, AUSTRALIAN DEFENCE FORCE, KPMG AUSTRALIA PTY LTD, UNIVERSITY OF SYDNEY, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED

Facebook listened in on private talk

Original article by David Swan
The Australian – Page: 3 : 16-Aug-19

The Irish Data Protection Commission is investigating whether Facebook and other technology companies have breached EU privacy rules. This follows revelations they listened in on anonymous audio conversations in order to improve their products. Daniel Muchow, from Sydney company Risk-Logic, says the eavesdropping was a further example of Facebook taking advantage of user data for its own benefit, while he contends Facebook is "milking user apathy".

CORPORATES
IRISH DATA PROTECTION COMMISSION, FACEBOOK INCORPORATED, RISK-LOGIC

Facebook’s $7bn fine piques the interest of Privacy Commissioner

Original article by Leo Shanahan
The Australian – Page: Online : 12-Aug-19

Australian Information and Privacy Commissioner Angelene Falk launched an investigation into Facebook Australia in 2018. This followed the latter revealing up to 311,000 Australians might have had their personal data "improperly shared" by Cambridge Analytica. Falk, who was a key adviser to ACCC chairman Rod Sims on his report into digital platforms and their impact on traditional media, says the investigation is a "matter of great priority" for her office. She notes with interest the recent $US7 billion fine that the US Federal Trade Commission imposed on Facebook in the wake of a number of privacy violations by it, including the Cambridge Analytica leak.

CORPORATES
AUSTRALIA. OFFICE OF THE AUSTRALIAN INFORMATION COMMISSIONER, FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UNITED STATES. FEDERAL TRADE COMMISSION

Privacy warning on Facebook currency

Original article by Leo Shanahan
The Australian – Page: 4 : 6-Aug-19

An Australian-led initiative has seen privacy regulators from around the world write an open letter to Facebook, in which they voice concerns about its proposed Libra digital currency. The letter states that Facebook has not provided sufficient information on how Libra would protect the data of Facebook users. They are also concerned that Facebook has indicated that it intends to promote the use of Libra in developing countries, many of which lack suitable data protection regulations.

CORPORATES
FACEBOOK INCORPORATED, AUSTRALIA. OFFICE OF THE FEDERAL PRIVACY COMMISSIONER, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Open banking delayed due to data concerns

Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 4-Jul-19

The federal government’s open banking regime is slated to begin on 1 February 2020, although this will require the Consumer Data Right bill to be passed by the end of July. Shadow financial services minister Stephen Jones says Labor has some concerns about how customers’ data is used and retained under the new regime, which will need to be addressed if Labor is to support the legislation. Jones has questioned whether there will be sufficient time to pass the bill before parliament rises for the winter break.

CORPORATES
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, MACQUARIE GROUP LIMITED – ASX MQG

E-health record in need of overhaul

Original article by Supratim Adhikari
The Australian – Page: 23 : 5-Feb-19

Head and neck surgeon Elizabeth Sigston does not believe that there should be any sharing of people’s medical records. Sigston says the $2 billion My Health Record system remains riddled with complexity, and she is very concerned about the proposed Data Sharing and Release Act, warning that it has the potential to override the Privacy Act. She says the risks associated with sharing data is most acute when it comes to genomic data, which the MHR is able to store. John Sutton of Armstrong Legal says there is no need for MHR data to be shared with third parties.

CORPORATES
ARMSTRONG LEGAL, AUSTRALIA. DEPT OF HEALTH

Hacking risks higher under open banking

Original article by James Eyers
The Australian Financial Review – Page: 19 : 24-Jan-19

The Australian Banking Association has expressed concern that theft of personal data and email scams will become rife under the federal government’s open banking regime. Open banking is slated to begin on 1 February 2020, with a pilot program to commence in July 2019. The ABA’s submission to the Treasury’s draft report on open banking has called for the terms of reference for the pilot program to include an assessment of the potential privacy risks.

CORPORATES
AUSTRALIAN BANKING ASSOCIATION, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Rules risk entrenching giants

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