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What is a Notifiable Data Breach?
Under the Australian Notifiable Data Breaches (NDB) scheme by the OAIC, an organisation or agency must notify an individual and OAIC when a data breach involving personal information is likely to cause serious harm.
Examples of serious harm include:
- identity theft, which can affect your finances and credit report
- financial loss through fraud
- a likely risk of physical harm
- serious psychological harm
- serious harm to an individual’s reputation