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

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

Dutton slams tech giants over encryption laws

Original article by Andrew Tillett
The Australian Financial Review – Page: 8 : 11-Oct-18

The federal government continues to face opposition to its proposed digital encryption laws. However, Home Affairs Minister Peter Dutton argues that the laws are necessary due to the growing use of encryption services by criminals and terrorists, adding that existing laws are inadequate to deal with such technologies. Dutton has also noted that Silicon Valley-based technology companies are among the biggest critics of the proposed laws, despite their poor track record in protecting personal data.

CORPORATES
AUSTRALIA. DEPT OF HOME AFFAIRS, NATIONAL PRESS CLUB (AUSTRALIA), AUSTRALIAN FEDERAL POLICE, GOOGLE INCORPORATED

Facebook bill for 300,000 Aussies

Original article by Ben Butler
The Australian – Page: 3 : 11-Jul-18

The Office of the Australian Information Commissioner has received a formal complaint about Facebook regarding the Cambridge Analytica scandal. The number of Australians who were affected by the data breach is estimated to exceed 300,000, and they may be entitled to compensation for breach of privacy. Nathan Landis of litigation funder IMF Bentham notes that the average compensation payout ranges from $1,000 to $10,000, which suggests that Facebook’s total liability could be between $3m and $3bn. The complaint was lodged by IMF Bentham and law firm Johnson Winter & Slattery.

CORPORATES
FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, AUSTRALIA. OFFICE OF THE AUSTRALIAN INFORMATION COMMISSIONER, IMF BENTHAM LIMITED – ASX IMF, JOHNSON WINTER AND SLATTERY, AUSTRALIA. OFFICE OF THE FEDERAL PRIVACY COMMISSIONER, GREAT BRITAIN. OFFICE OF THE INFORMATION COMMISSIONER, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Australians worried about online privacy but slow to act

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