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Australia flags new corporate penalties for privacy breaches

FILE - Customers walk out of an Optus telecommunications retail store in the central business district of Sydney, Australia on Oct. 5, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers’ personal data after two major cybersecurity breaches left millions vulnerable to criminals. (AP Photo/Mark Baker, File) FILE - People walk past a Medibank branch in Sydney on Oct. 20, 2022. Australia on Saturday, Oct. 22, 2022 proposed tougher penalties for companies that fail to protect customers’ personal data after two major cybersecurity breaches left millions vulnerable to criminals. (AP Photo/Rick Rycroft, File)