In light of the Notifiable Data breaches scheme under Part IIIC of the Privacy Act 1988 coming into effect this week, it’s important to review how well your Security Information Event Management (SIEM) solution is servicing your security needs.
Many businesses across Australia are now required to comply with the notifiable data breach scheme which is driving many businesses to review how well protected they are against potential threats given the financial and reputational risks associated with a breach.
According to the Office of the Australian Information Commissioner website (2018) on the scheme:
“Entities have data breach notification obligations when a data breach is likely to result in serious harm to any individuals whose personal information is involved in the breach.”
“The NDB scheme applies to agencies and organisations that the Privacy Act requires to take steps to secure certain categories of personal information. This includes Australian Government agencies, businesses and not-for-profit organisations with an annual turnover of $3 million or more, credit reporting bodies, health service providers, and TFN recipients, among others.”
How well is your SIEM solution working for you?
Having a correlated solution to provide visibility of your potential security breaches helps your organisation to quickly respond when potential breaches are posed.
Splunk’s analytics-driven security information and event management solution supports businesses to quickly determine threat and malware activity within their environments using big data analytics. Splunk can also reduce the effort involved in identifying threats by actively searching for them throughout all areas of your Enterprise environment.
At Avocado, we have a dedicated team of Splunk specialists who can offer your business a tailored SIEM solution that minimises your risks and maximises your visibility.
To learn more about how SIEM and how Splunk compares in the market, download Gartner’s Magic Quadrant for Security Information and Event Management.
Contact Avocado at email@example.com to find out more.
Quick links on this topic area
Australian Government. OAIC. (2018) Notifiable Data Breaches scheme. Published on the Australian Government Office of the Australian Information Commissioner website.
About Avocado Consulting
Established in 2004, Avocado Consulting is an Australian professional services consultancy providing business and IT services to some of Australia’s largest blue-chip companies and government departments. Specialising in quality assurance, application and platform development, operations monitoring, project delivery and management. Avocado provides the expertise to ensure you deliver with certainty.
For more information about Avocado Consulting, visit www.avocado.com.au/about
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