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Your glossary for risk and compliance

Helpful definitions of all of the terms you need to know to better manage risk and compliance.

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Compliance
Regulator

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