NZICT Supports Standard Data Breach Penalties
DATA LOSS—NEW ZEALANDApril 1, 2010
In response to new UK legislation that will provide for fines of up to £500,000 ($NZ1.059 million) for data breaches, New Zealand Information and Communication Technologies (NZICT) has announced it would welcome any move focused on improving cyber security, IT Brief reports. NZICT Group CEO Brett O'Riley said it should be standard practice to have penalties in place for serious data breaches as it would force businesses to take cyber security more seriously. "NZICT is aware of proposals to establish a centre of excellence for cyber security in New Zealand," he said, adding, "we would see it as an opportunity for New Zealand to potentially be a global leader in this space."