Protecting your online presence is vital in the relentless fight against cyber threats. Deputy Privacy Commissioner Liz MacPherson underscores the crucial role of two-factor authentication (2FA) in this digital landscape, mitigating data breach consequences and fortifying your security.

In line with the Office of the Privacy Commissioner’s latest small businesses Insights Report and in support of CERT’s two-factor authentication campaign, Liz MacPherson advocates for the adoption of 2FA by agencies of all sizes. The call for this additional layer of security stems from the Privacy Act’s requirements and the responsibility organizations bear to protect the personal data entrusted to them.

When faced with a cybersecurity privacy breach, compliance officers will inquire about the steps taken to secure personal data. Failing to implement reasonable cybersecurity measures is not only a breach of the Privacy Act but also a betrayal of the trust customers or clients place in organizations to safeguard their information.

The concept of what constitutes “reasonable” cybersecurity varies based on an organization’s size and the scale and sensitivity of the personal information it handles. Two-factor authentication acts as an essential barrier, providing an extra layer of defence against those seeking unauthorized access to sensitive data.

Implementing 2FA involves using two forms of identification, such as a password combined with a text message or email confirmation. This additional step of verification significantly enhances the security of your systems, making it a fundamental requirement, especially for small businesses. Liz MacPherson underscores that for small businesses experiencing a cyber-related privacy breach without 2FA in place, a breach of the Privacy Act is not just a possibility but an expectation.

Furthermore, breaching the Privacy Act can have severe consequences, ranging from reputational damage to strained relationships with staff or clients. Legally, individuals affected by a breach can file complaints, triggering an investigation. If an interference with privacy is established, unresolved cases may be referred to the Director of Human Rights Proceedings, potentially resulting in a case brought before the Human Rights Review Tribunal.

Compensation for breaches, determined by the Tribunal, can range from nominal figures to upwards of $168,000, depending on the severity and circumstances of the case, with a maximum potential of $350,000. Importantly, agencies must assess whether a breach is notifiable and report it, as failure to do so is an offense under section 118 of the Privacy Act 2020.

In conclusion, the imperative for embracing two-factor authentication is not just a proactive measure; it’s a crucial defence against potential legal consequences. The ever-growing threat of cyber breaches necessitates a robust commitment to safeguarding sensitive information. By adopting this essential security layer, we not only fortify our defences against cyber threats but also demonstrate a commitment to privacy and legal compliance. Together, we can proactively safeguard our data and maintain the confidence entrusted to us by both clients and customers. For assistance, please don’t hesitate to contact us at InfinityIT.