HomeBUSINESSAustralia Regulatory data sharing between its regulated entities and Singapore Telecommunications

Australia Regulatory data sharing between its regulated entities and Singapore Telecommunications

Australian prudential regulator said on Thursday it will collaborate with the government and other regulatory bodies for “controlled process” of data sharing between its regulated entities and Singapore Telecommunications’ unit Optus. The move comes weeks after Optus, the country’s second-largest mobile operator, faced a massive cyberattack that compromised data of up to 10 million customers.

The cyberattack, which was followed by a data breach in the country’s largest telecoms firm Telstra Corp Ltd earlier this week, served as a wake-up call for regulators and lawmakers to beef up cyber defences. Earlier in the day, Australia proposed an overhaul of consumer privacy rules, including changes that will allow telcos to share government-issued identification documents with banks. The changes will allow telcos to implement enhanced monitoring for customers affected by data breach, in addition to fraud detection in the broader financial services sector.

Read Now:WHO: Indian cough syrups may be linked to 66 deaths in Gambia

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

Study Links UFO Sightings to Environmental Factors

Unexplained Aerial Phenomena (UAP), commonly known as UFOs, have intrigued and puzzled sky watchers for decades. While previous investigations...

Navigating the Global Crisis of Alzheimer’s Disease: Unraveling Complexities and Seeking Solutions

Alzheimer's disease, a relentless neurological condition, poses an escalating global challenge, with an ever-expanding number of individuals affected. Currently,...

Reproductive Marvels of the Giant Antarctic Sea Spider: Unveiling a Mysterious Strategy in the Icy Waters of Antarctica

In the icy waters of Antarctica lurks an entire mysterious ecosystem. There, scuttling across the seafloor on spindly little...

China Announces Territorial Sea Baseline in Beibu Gulf, Advancing Boundary Clarification

China has taken a significant step in clarifying its maritime boundaries by announcing the baseline of the northern part...