Are you ready for the new breach reporting regime? As of 1 October 2021, new breach reporting requirements (as per recommendations 7.2 and 2.8 of the Hayne Royal Commission) will come into effect, resulting in significant implications for Australian financial services and credit licensees.
The legislative changes and implications of the breach reporting reforms are wide-ranging and varied, impacting organisations differently based on their size, complexity, and structure.
To ensure members understand the complex requirements and are equipped to successfully operationalise their end-to-end breach management frameworks, AFIA is hosting a ‘Breach Reporting Masterclass’ on Thursday, 5 August from 10.00am to 11.00am.
Join us to hear actionable insights from our subject-matter experts, Gadens, on how to effectively:
develop targeted operating models for breach reporting programs
undertake a gap analysis on the impacts of these changes on current breach reporting frameworks
streamline data collection, analysis and reporting, and compliance monitoring processes.
Masterclass participants may be able to apply 1 hour towards meeting their annual continuing professional development obligations. It is the individual's obligation to determine relevance of CPD to their license conditions.
The changes proposed are complex and substantial for our industry – register now to make sure your business understands the impact early, is ready to implement the legal and regulatory changes, and is able to take advantage of the opportunities presented.