"Privacy is a new engine of growth. As consumer demand for privacy intensifies, businesses aiming for sustainable growth cannot afford to ignore it. Even if legislative hurdles delay privacy reforms, companies that proactively embrace privacy today can gain a significant competitive edge — addressing an unmet consumer need while building trust, fostering loyalty, and driving business growth. It’s a win-win for everyone: government, businesses, and consumers all benefit." Chief Data Officer Maurice Riley writes for The Australian this week about how the changes to privacy reform legislation allow businesses to lead the way in investing in data protection, prioritise transparency with consumers and ultimately drive business growth. Read more in The Growth Agenda: https://lnkd.in/gYeN6sq5
Publicis Groupe ANZ’s Post
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Mindset Shift: Privacy is Profit. It’s time to stop viewing privacy as a mere compliance cost and start seeing it as a growth opportunity.
"Privacy is a new engine of growth. As consumer demand for privacy intensifies, businesses aiming for sustainable growth cannot afford to ignore it. Even if legislative hurdles delay privacy reforms, companies that proactively embrace privacy today can gain a significant competitive edge — addressing an unmet consumer need while building trust, fostering loyalty, and driving business growth. It’s a win-win for everyone: government, businesses, and consumers all benefit." Chief Data Officer Maurice Riley writes for The Australian this week about how the changes to privacy reform legislation allow businesses to lead the way in investing in data protection, prioritise transparency with consumers and ultimately drive business growth. Read more in The Growth Agenda: https://lnkd.in/gYeN6sq5
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Really interesting insights from today's, The Australian Financial Review on privacy policies in Australia. The main point being made is that privacy policies need to be clear, transparent, and simple to read. Having read more than my fair share, I have to agree. Most policies I review miss key information or use language that would be confusing to the average reader. It's fine to have a simple policy, provided you have strong internal documented procedures to ensure you manage data appropriately. 🔴 ****And please take note of the "fair and reasonable test" section. This will rely on Transparency and Consent. This has been said a few times so we have to expect this will be a big part of the update in August. ******* 🔴 for those that do not subscribe - here are the key takeaways: - Australians could spend nearly 46 hours a month reading privacy policies, with an average of 6876 words per policy. - The ACCC is advocating for stronger privacy protections against data firms selling information to businesses. - Prime Minister Anthony Albanese aims to introduce new privacy legislation in August. - Concerns persist over consumer data usage, lack of control, and complex privacy policies. - Proposed changes to the Privacy Act include extending coverage to 2.3 million small businesses and new obligations for digital platforms. - Legislative considerations include a fair data test, remedies for breaches, and obligations for digital platforms. https://lnkd.in/gbPsGxFC
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🔐Breaking News for New Jersey Companies!🔐 Governor Murphy approves new privacy legislation in New Jersey, setting a new data protection standard. The legislation, aims to enhance consumer privacy rights, providing individuals with greater control over their personal information held by businesses. This development underscores the growing importance of robust privacy measures in the digital age. Key Points: 🔒 Consumer privacy rights enhanced. 🔐 Individuals gain control over their data. 📜 Stringent requirements for businesses in data practices. Risk Alert for Google Analytics Users: If you're using Google Analytics for insights, beware – you may be at risk. This legislation comes into effect on Jan 1st 2025. Value Privacy Ready to Assist: Have questions? As a global privacy consultancy, we're here to guide New Jersey businesses through these changes, ensuring compliance and resilience. Explore Support with Us: Discover how Value Privacy can be your partner in compliance. Full story https://lnkd.in/eh_cbe7N #PrivacyRevolution #DataProtection #ComplianceJourney #ValuePrivacy #NewJerseyPrivacyLaw
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I've been delivering training and education sessions recently for clients on the upcoming privacy amendments and what that's going to mean for businesses, their customers and marketing practices. If you need to take a good look at your data privacy and management practices in this space, then Richard Harris is your guy. The article is from AFR (=paywall), and his summary below is enough to demonstrate just what it's going to take for Australia to get this right. #dataprivacy
Really interesting insights from today's, The Australian Financial Review on privacy policies in Australia. The main point being made is that privacy policies need to be clear, transparent, and simple to read. Having read more than my fair share, I have to agree. Most policies I review miss key information or use language that would be confusing to the average reader. It's fine to have a simple policy, provided you have strong internal documented procedures to ensure you manage data appropriately. 🔴 ****And please take note of the "fair and reasonable test" section. This will rely on Transparency and Consent. This has been said a few times so we have to expect this will be a big part of the update in August. ******* 🔴 for those that do not subscribe - here are the key takeaways: - Australians could spend nearly 46 hours a month reading privacy policies, with an average of 6876 words per policy. - The ACCC is advocating for stronger privacy protections against data firms selling information to businesses. - Prime Minister Anthony Albanese aims to introduce new privacy legislation in August. - Concerns persist over consumer data usage, lack of control, and complex privacy policies. - Proposed changes to the Privacy Act include extending coverage to 2.3 million small businesses and new obligations for digital platforms. - Legislative considerations include a fair data test, remedies for breaches, and obligations for digital platforms. https://lnkd.in/gbPsGxFC
Nearly 46 hours a month to read all privacy policies: study
afr.com
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🚨 Important Update on Data Privacy: SB1501 in Missouri and Beyond! 🚨 As we step into August, it's crucial to highlight the ongoing efforts to strengthen data privacy laws across the United States. In Missouri, SB1501 is a significant step in the right direction. This bill aims to improve data practices and protect our personal information from misuse. While I'm pleased to see these efforts, I believe Missouri could be more aggressive in implementing stringent data privacy measures. Looking at other states, Utah and California are leading the charge in advocating for robust data protection. Utah's approach, particularly in safeguarding minors on the internet, is commendable. Their legislation ensures that young internet users are shielded from potential online harms, setting a high standard for others to follow. California, with its groundbreaking Consumer Privacy Act (CCPA), continues to push the envelope, providing residents with unparalleled control over their personal data. These states exemplify how proactive and comprehensive data privacy laws can significantly benefit individuals. It's encouraging to witness these advancements, but there's still work to be done. I urge Missouri to take inspiration from Utah and California, implementing more rigorous data privacy laws to protect all citizens, especially our youth. Let's continue to advocate for stronger data protection policies nationwide. Our privacy matters, and it's time we take it seriously. #DataPrivacy #SB1501 #Missouri #Utah #California #InternetSafety #PrivacyLaws
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Lawyer | cyber security, data privacy, technology and intellectual property commercialisation | Partner + Head of Cyber Security at HopgoodGanim Lawyers | Canadian Australian
Coming in August 2024: Proposed changes in Australia's Privacy Act. In a joint media release on 1 May, the Attorney-General Mark Dreyfus declared, "The Government will also bring forward legislation in early August to outlaw the release of private information online with an intent to cause harm (known as doxxing), and overhaul the Privacy Act to give all Australians and particularly women who are experiencing domestic and family violence greater control and transparency over their personal information." Doxxing and better online safety *are* important parts of the privacy picture, yet only parts. Many other puzzle pieces will be in play for Privacy Act reforms, such as changes to the small business exemption, distinguishing controllers vs processors, shortening the timing for notifiable data breaches, and more. Whatever the precise scope, the changes will impact organisations of all sizes (and perhaps those not currently regulated by the Privacy Act). Want to get ahead of the game? Reach out to me or my colleagues in HopgoodGanim's privacy and data protection team: https://lnkd.in/gMySA2jr
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On May 9, 2024, Maryland took a significant step forward in protecting consumer privacy by signing the Maryland Online Data Privacy Act (MODPA) into law. This Act establishes new state obligations for data privacy, with a focus on data minimization and sensitive data protection. The Act becomes effective on October 1, 2025, although it does not have any effect on personal data processing activities before April 1, 2026. This shouldn't be a reason for businesses to delay in their compliance efforts, however, as the new law places significant demands on organizations in state and providing goods and services to consumers in Maryland. Key takeaways: 🔹 MODPA applies to businesses that process the personal data of at least 35,000 consumers or derive more than 20% of their revenue from the sale of personal data. 🔹 The Act includes rights for consumers to access, correct, delete, and port their personal data. 🔹 There are stringent requirements for the protection of sensitive data and the processing and sale of minors' data. Read more: https://ow.ly/3r3n50S1KIv (via CPO Magazine) #ConsumerRights #Maryland #Privacy
Maryland Enacts Comprehensive Consumer Privacy Legislation: What You Need to Know - CPO Magazine
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Australian privacy reforms are imminent, with draft legislation expected to be tabled this month, affecting organizations both large and small. Regulatory shifts like these, combined with consumer demand and changes in the tech landscape, have been driving key privacy trends. For this reason, I wanted to explore some of these trends and zoom in on a few that I currently see impacting enterprise businesses across industries. I’d love to learn more from my network—what challenges and trends are you seeing? And how interesting is the history of paperclips to you? https://lnkd.in/gZ2W3PjH #privacy #paperclips
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On July 1, 2024, Oregon’s Consumer Privacy Act (OCPA) went into effect, marking a pivotal shift in data privacy. Here’s what you need to know: The OCPA covers entities processing data of 100,000+ Oregon residents, or 25,000+ residents if the entity derives over 25% of its revenue from selling personal data. It grants rights to access, correct, delete, and opt out of data sales. One key requirement is the mandate for data protection assessments. These assessments ensure that businesses evaluate their data processing activities to identify and mitigate risks to consumer privacy. This includes assessing the potential impact of data collection, storage, and sharing practices. Why It Matters: Even if you don’t live in Oregon, these laws set a precedent for stronger privacy protections nationwide. Businesses operating across state lines must comply, potentially benefiting all consumers. This trend could also influence the push for a federal privacy law, ensuring comprehensive data protection for all Americans. #PrivacyMatters #DataPrivacy #PrivacyLaws #TechPolicy #ConsumerRights
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"Privacy maven" | FAISA | IAPP ANZ Advisory Board | OECD Expert Communities | IEEE TTS Editorial Board | MAICD | Privacy by Design | smart cities | digital policy | expert witness
My immediate reaction as a #PrivacyProfessional to only 38 of the 116 recommendations for privacy reform being accepted by the Australian Government? Definitely disappointed. At a time when we face unprecedented risk of privacy harm in the wake of all things #connected, #digitised, 'e-', #tech and (#personal)#datadriven, the protracted reform process and all the collective expertise, innovative thinking, energy, good will and hope so many stakeholders have invested has pretty much amounted to... a #lowvalueoutcome for Australians https://lnkd.in/gEhBYfqG Obviously at IIS Partners we will collectively digest this today and share some analysis.
Government response to the Privacy Act Review Report
ag.gov.au
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