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The forwarding and supply chain industries are, like virtually any other industry, making increasing use of information technology. As with other industries this comes with its own risks - one of which is cyber attack.
Amendments to the Privacy Act 1988 (Cth) (the Act) which came into effect on 23 February 2018 introduce mandatory data breach notification provisions which all health service providers must comply with.
While it is almost universally accepted that companies cannot prevent a cyber fraud attack taking place, it is possible to limit the damage that is suffered.
The carrier shall be bound, before and at the beginning of the voyage, to exercise due diligence to…properly man...the ship…
In just seven months in 2017, the US Pacific fleet was involved in four separate casualties, reportedly causing damage of over US$1 billion.
Barely a day goes by without an announcement on the introduction of blockchain and traceability in insurance, supply chains and automating commercial processes. Maersk and IBM have partnered to introduce blockchain technology into the global shipping and transportation industry.
Cryptocurrency has been hailed by its proponents as the future of finance. However, the volatile nature of cryptocurrencies has drawn the attention of regulators and governments both in the UK and abroad.
Australia recently became the sixth country in Asia to require some form of mandatory notification to the relevant authorities and/or affected individuals in the event of a data breach.
On 22 February 2018, Australia became the latest country to introduce a mandatory data breach notification law.
Reinventing insurance for the mobile generation: will blockchain secure the future of insurers over the tech giants?
Insurance is an old industry. Entrepreneurs are looking at how the latest technologies can create new business models to increase efficiency, reduce administration and make insurance products attractive to today’s digital natives.