In: Accounting
Provide a summary of the Notifiable Data Breach framework. (500 words)
The Notifiable data breaches (NDB) under the privacy act 1988 is a requirment for the organisation or entities to comply with the rules and regulation regarding the data breaches .
This will surely harm the individual having an involvement in the organisation who have a breach notification obligation .The NDB scheme is applicable to all the agencies and the organisation where the personal information security under the Australian Privacy Act 1988.
Eligible breaches and criteria for likely risk or harm
A serious harm can include physical harm financial or economic harm or emotional harm .Whether that risk will cause a serious harm will depend upon the circumstances which the organisation is open to.
Those serious harm will be likely to the following circumstances.
Theorganisation is also expected to prepare a statement to give notice for any eligible data breach .The following are the elements which should be included