Privacy Law and Data Protection
What is Privacy Law and data protection?
As a financial services professional, privacy is by no means a new concept to you or your company. Any loss or unauthorised disclosure of sensitive data, such as a cyber-attack or a flaw in data security procedures, can negatively impact any firm.
It could undermine its success, threaten its reputation and jeopardise the confidence of investors and customers. The consequences of breaches in this area may be long-term and very costly to any affected organisation, as recent cases we cover show.
Therefore it is critical that you are aware of current legislation, including Notifiable Data Breach reporting requirements – an obligation that extends beyond simply the directors or executives of your organisation.
About our Course
This year’s edition of our Privacy Law and Data Protection topic includes coverage of November 2024 amendments to the Privacy Act, including clarification that regulators will expect entities’ approaches to taking reasonable steps to protect personal information under APP 11 to comprise both technical and organisational measures.
As we will examine throughout, human error at any level within your organisation is dealt with in the same manner as security breaches, flaws in security controls, and cyber-attacks. To the extent that is appropriate, everyone should understand:
- Their organisation’s compliance obligations
- Regulations surrounding the proper handling of personal information
- Why certain security measures have been put in place
- How to follow safeguards for handling and disclosing any personal information.
Privacy Law and Data Protection is also is an informative topic in our Financial Services CPD library.
Program Content
- A bit of background knowledge
- What privacy and data protection laws are in place in Australia?
- Recent developments in privacy and data protection law
- Summary of privacy obligations
Learning Outcomes
- The background to Australia’s privacy and data protection regime
- What privacy and data protection laws apply to your organisation
- What “personal information” is and how to differentiate personal information “about” an individual from information “not about” an individual
- How data breaches occur, how they must be reported under Australia’s notifiable data breaches regime, and some of the ways you can help prevent them
- Potential impacts of proposed reforms to Australia’s Privacy laws and the implementation of new rules in New Zealand.
What you will learn
Who is this course for?
- Compliance Managers
- Representatives
- Senior Managers
Units of Competency
Pre-requisite
Recognition of Prior Learning
Certification
You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.
ASIC-supervised licensees: Regulation
FAS-supervised licensees: Regulatory compliance and consumer protection
