Australians Demand Tough Penalties for Business Data Breaches
A recent survey by Palo Alto Networks and Savanta reveals Australians' sentiments towards cybersecurity in various sectors. The majority trust banking and healthcare with their data, but only 36% trust businesses overall. Australians demand accountability and tough penalties for data breaches.
Australians want clear liability for cyber attacks, with 92% insisting someone should be held responsible when an Australian business is targeted. The least trusted sectors for cybersecurity are advertising (27%), technology and social media (33%), and retail (34%).
In case of a data breach, 68% of Australians would boycott an online retailer. Moreover, 70% believe corporate leaders are not held accountable enough after data breaches. Australians are divided on whether businesses should pay hackers' ransoms, with 53% opposing the idea.
When it comes to personal data protection, 69% consider a business's security reputation crucial. Australians want board directors or C-suite executives (50%) to be liable for cyber attacks, not just frontline tech workers (44%). Furthermore, 67% think leaders should face fines and jail time if they fail to protect personal data.
The survey underscores Australians' concern for data security. They demand trustworthy cybersecurity practices, accountability, and severe penalties for negligence. Businesses and leaders must prioritise data protection to maintain consumer trust.
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