Need to improve your data security and protect against cyber threats?
Our expert panel will show you how, before it’s too late.
Due to the continuing demand from practitioners for information about your extensive compliance requirements, Thomson Reuters will hold our next live Webinar to update you on your data security obligations.
Online storage of valuable data is a haven for hackers and can create nightmares for businesses required to secure it. Latest figures from the Office of the Australian Information Commissioner show the accounting and finance sectors scored in the top three for the highest number of data breaches in the April to June quarter this year. Their Notifiable Data Breaches Statistics Report listed 245 notifications of data breaches, caused by human error (34%) and malicious or criminal attacks (62%). There have been more than 13,500 reports to the Australian Cyber Security Centre, that equates to one case referred to the Centre every 10 minutes, costing the Australian economy an estimated $1 billion annually.
Tax practitioners are understandably subject to stringent compliance obligations under the Privacy Act and the Notifiable Data Breaches Scheme. Failure to comply with this scheme may also lead to further sanctions by the Tax Practitioners Board.
Our expert panel will take you through the everyday risks for practitioners of a cyber attack, and how you can meet your many compliance obligations in this area and improve your data security.