ARCON PROVIDES RESILIENT DATA SECURITY TO COMPLY WITH THE NDB SCHEME

NDB Legislation

What is the purpose of the NDB scheme?

The passage of the Privacy Amendment (Notifiable Data Breaches) Act 2017 formed the Notifiable Data Breaches (NDB) scheme in Australia. This is applicable to all organizations with existing personal information security obligations under the Australian Privacy Act 1988 (Privacy Act) from 22 February 2018. According to the Privacy Amendment (Notifiable Data Breaches) Act 2017 (NDB Act) organizations have to notify individuals whose personal information is compromised in a data breach which is likely to result in serious harm.

To whom is the NDB scheme applicable?

NDB scheme is applicable to any organization/ agency that is required to secure personal information under the Privacy Act 1988. In addition to Australian government agencies, this legislation is applicable to business organizations and not-for-profit organizations with an approximate annual turnover of AUD$3 million or more. Under this new legislation, if any organization has committed “serious or repeated non-compliance with mandatory notification requirements,” it is entitled to face penalties of up to $360,000 for individuals and $1.8 million for organizations.

Download NDB Legislation Document

How can ARCON | Privileged Access Management help?

ARCON | Privileged Access Management (PAM):

Secures third-party access to IT systems through multi-factor authentication and password vaulting

Segregates end users and user groups’ access to databases and applications according to their job functionalities and privileges

Formulates a centralized policy engine to authorize access so that data is accessed only by legitimate users

Applies granular level access control over end users

Controls and monitors every activity around critical database and applications

Applies the principle of least privilege to protect and securely process confidential data