The updated Privacy Act in Australia is pushing businesses to modernize their information systems. Failure to comply with the latest amendments can result in fines of up to 1.7 Million dollars. Few, if any, businesses comply with a strict interpretation of the Act. The 18 months given to prepare for the change of policy has expired and most organisations fail to comply. The Snowden revelations have provided a wake up call and we can expect organisations to be under pressure to update their systems.
The traditional approaches where organisations take full responsibility for user data is not scalable in a connected world. A new paradigm that includes the individual is needed to make it feasible for organisations to comply with the Act.
Welcomer is one of an emerging group of companies who put individuals on a par with organisations so that individuals can help take some of the burden of protection of personal data. It becomes possible for organisations to comply with the Act with these technologies whereas it is difficult to see how organisations can comply with business as usual where individuals are treated as objects not sentient beings.
According to Gartner, the authentication market represents a $2.2 billion industry for 2013. They also predict that by the end of 2016, about 30 percent of enterprises will have chosen cloud-based services as the delivery option for new or refreshed user authentication implementations. This statistic is a 10 percent increase from current figures and Welcomer has the ability with it's Privacy Dashboard functions to provide organisations and individuals with simple scalable privacy friendly methods of connection and authentication.
Read more at:
http://www.arnnet.com.au/article/540973/privacy_laws_pushing_businesses_modernise_it_oracle_/