Cybersecurity
What is it?
Cybersecurity is the practice of protecting electronic systems from attacks that are aimed at stealing or corrupting data with the objective of gaining a monetary advantage or causing interruption to the orderly conduct of business.
Why is it important?
- The incidence of cyber breaches is growing at a rapid rate
- A successful attack for which your company is unprepared can destroy your business
- You may not be able to avoid a cyber breach but you can take steps now to minimise the risk and mitigate the damage
- The legal requirements are changing and tightening
- New penalties for breach of privacy laws can exceed $50M for corporations and $2.5M for individuals
- Regulators have recently been successful in actions against companies, and using this as a ‘stepping stone’ to a finding of personal liability for a breach of directors’ duties
What every company should do!
- ACCEPT that in today’s world, cyber attacks are an ever-present danger to companies
- PLAN actions to reduce the risk
- MONITOR the effectiveness of the plan and monitor for breaches
- PRE-PREPARE FOR A RESPONSE in the event a breach occurs
- UNDERSTAND that there is no ‘one size fits all’ solution. Internet searches are unlikely to provide the answer for your particular needs. Every situation and every company is different!
How can Matthews Folbigg Lawyers Help?
WITH PLANNING
- Advise on the law in terms of your obligations to retain certain classes of data and for how long
- Advise on the law in terms of when to dispose of data
- Advise on the law in terms of the need to ensure data is disposed of properly
- Advise on the law in terms of ‘Terms and Conditions’ at the time data is collected. (Is the person giving the information aware of how the information will be used)
- Assist you to understand what questions you should ask when appointing a cloud service provider
- Provide advice regarding usage and access of data within your business.
- Recommend appropriate Company Policies
- Advise of appropriate clauses in supply contracts
- Ensure that you have the necessary notifications prepared in the event of a cyber attack
WITH MONITORING
- As legal requirements change Matthews Folbigg will review the appropriateness of company policy and plans
- The ever-changing nature of this threat has led Matthews Folbigg Lawyers to not tie itself to a single technical provider or methodology for monitoring. Our service will provide updates that will raise the awareness by reference to recent events where there was no monitoring and no-one realised data had gone missing
WITH A RESPONSE
Whilst good planning and continuous monitoring will assist, no company can hope to remove any possibility of a breach. Given that is the case it is wise to have given forethought to issues like:
- Who you need to notify and are any of those notifications mandated by legislation
- What you are going to say
- What actions you should be taking towards containment
For Assistance
For assistance and to better understand how we can assist, contact Matthews Folbigg today on 9635 7966 and ask to speak with one of our cybesecurity lawyers or contact us on cybersecurity@matthewsfolbigg.com.au
Principal
Senior Associate
Get in touch with our Cybersecurity Lawyers today
brenden w
19. October, 2023.
Over the years I have had the pleasure of working with Matthews Folbigg both professionally and personally.
My latest experience was conveyancing on the sale of my property. Jeannette Limbo went above and beyond all expectations to ensure a smooth sale. Her same day response to all communications, professionalism, efficiency, and friendly manner could not be faulted in any manner also impressing my agent who frequently commented on her communication and efficiency.
I am currently in the market for the purchase of my next property and will not hesitate to contact Jeannette again.
I cannot recommend Matthews Folbigg generally and Jeannette Limbo specifically highly enough.
Mersina Economo
5. October, 2023.
Jeannette and Christopher went out of their way to assist me with a recent purchase. They were reliable, prompt, and timely with all their communications. I felt I was in good hands and wouldn't hesitate to use their services again.
rajiv shrestha
30. May, 2023.
Jeannette and Eadz at Matthews Folbigg have done a great job for us. We are extremely impressed with the support and services we received. Jeannette and Eadz were very professional, responsive and communication was always timely and concise. We are very grateful for the level of care shown and advice given to us. We’ll definitely use their services again in the future. Highly recommended!
Daniel Tan
15. May, 2023.
Jeanette Limbo and Eadz Tang are very professional. They provided very detailed legal advice, were very meticulous and paid attention to the details. Matthew Folbigg Lawyers provided fabulous conveyancing service and we are happy with our timely settlement!
Ivan Bakin
2. April, 2023.
This is my first time in transacting with Matthewsfolbigg which I did while purchasing a property. My dealings were mainly with Jeannette Limbo who went above and beyond any other solicitor that I have used when transacting for a property. At every stage I was contacted by Jeanette to update me personally and follow up with an email. She is unbeleivably pleasant, easy to work with, meticulous and takes her work to heart. As an example, our settlement was to take place at 2:30 on the Friday. It was imperative that we settle on Friday but we hit a technical snag at our bank. Jeanette spent the whole day on the phone with the banks and the other solicitor to try to get things done and stayed after work on a Friday until we finally settled. It was really nice to see how happy Jeannette was when it was done, we were definately not a number. We were a person who needed the job done. I read another review where someone called her a superstar. I agree. Thank you Jeanette.
Glenn Guyder
4. February, 2023.
I can't recommend these guys enough. They helped me get across the line with a recent property purchase. Outstanding service and extremely thorough, the process would've been so much harder without their knowledge, persistence and guidance. Jeanette is an absolute superstar. Again, I can't recommend them enough A+++
Jenetta Haim
21. November, 2022.
This place is amazing. Professional, attention to detail, take the time to explain things to you properly and go to the nth degree to do what they can for you. We cannot speak highly enough of Matthews Folbigg. I used them 22 years ago to assist with my fathers business and my husband has used them again now for another matter. If you want a great job done well and professionally this is the place to go. Big thank you to Jeannette and the team for your input, help and patience. I would give you 6 stars if I could :)
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