Labor to reconsider mandatory data retention laws for companies in light of major hacks

New cyber security strategy cites business concerns at having to store large amounts of data for excessive periods of time, increasing breach risk

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Following several high-profile data breaches in the past year, the federal government will review laws requiring companies to retain data as part of its new cyber security strategy.

Released on Wednesday, the 2023-30 strategy notes that data is increasingly used for ransom attacks and as a tool for coersion.

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