Jacques Jacobs

Photo of Jacques Jacobs
Firm/Organization: Norton Rose Fulbright
Blogs: Insurance law tomorrow

Latest Articles

The Office of the Australian Information Commissioner (OAIC) recently released its third quarterly report in relation to data breaches notified under the Notifiable Data Breach (NDB) Scheme between 1 July and 30 September 2018. For this quarter, the OAIC received 245 data breach notifications which is on par with the previous quarter. With this being the second full quarter report released by the OAIC, it is becoming easier to recognise certain trends in data breach…
clouds
In mid-2017, the Australian Bureau of Statistics revealed that almost a third of sampled businesses are using commercial cloud computing services.  This year, Gartner reported Australian businesses will spend $4.6 billion on cloud services (an 18.5% increase from last year). Below we highlight some of the risks for businesses associated with the use of cloud services and provide tips to mitigate some of those risks. Vendor lock-in Some cloud service providers can make it difficult…
cyber computer
Think of one of the greatest nightmares of your professional life. For the management team of a corporation and their in-house counsel, there are few more nightmarish days than when they receive a call from the IT department reporting unauthorised activity in the company’s databases. Over the next few days, the fog lifts and it becomes clear that the company has been the subject of a cyber-attack and personally identifiable data of its customers or…
Following our previous blog article on the facts and myths surrounding class actions in Australia (you can catch up and read it here), in this second part of the two-part blog series, we discuss the implications of the growth of shareholder class actions for the local D&O market in a Q&A style. Q: Which type of class action is the most prevalent and poses the most risk? A:  Although we have seen the class…
With the two Law Reform Commission inquiries into class actions and litigation funders, the highly publicised class actions such as GetSwift, and the growing presence of litigation funders in Australia, it’s almost impossible to avoid the discussions about Australia’s class action landscape – And you can bet that the spotlight on class actions will only grow brighter over the coming months. In this two-part blog series, we: (1) provide a Q&A to separate the facts…
The Full Court of the Federal Court in the last couple of weeks considered a question that by some has been considered a “sleeper issue” which had not previously received judicial attention. The question was whether a final adjudication clause in a conduct exclusion prevents Underwriters from relying on their statutory right to avoid a policy for fraudulent non-disclosure. If the answer was “yes” Underwriters would be required to advance defence costs until a finding…
As many readers know, the Notifiable Data Breach Scheme (NDB Scheme) came into force on 22 February 2018.  It has resulted in changes to Australia’s privacy law in relation to notification obligations on individuals and organisations that experience an eligible data breach. The Office of the Australian Information Commissioner (OAIC) recently released its second quarterly report in relation to data breaches notified under the NDB Scheme between 1 April and 30 June 2018.  The OAIC…
Global litigation funder IMF Bentham Ltd (IMF) has launched a representative complaint with the Office of the Australian Information Commissioner (OAIC) seeking, amongst other things, financial compensation for alleged breaches of the Privacy Act 1988 (Cth) by Facebook Inc (Facebook). The action relates to unauthorised access to over 87 million Facebook users’ data by political consulting firm, Cambridge Analytica. The class action has the potential to be formed by over 300,000 Australian class members who…
Does your company or organisation (or any of its subsidiaries) monitor, track or target EU data subjects in the context of offering goods or services to them? If the answer is yes, your organisation needs to ensure it is ready to comply with the requirements of the GDPR. What is the GDPR? The European Union General Data Protection Regulation (GDPR) commences operation today, 25 May 2018. The GDPR will operate to regulate the processing of…
  Although cyber insurance is seen as one of the biggest opportunities in insurance and reinsurance right now, the risks to insurers and insureds could be equally large. One significant threat is ‘cyber risk aggregation’. What is ‘cyber risk aggregation’? Risk aggregation in the insurance industry refers to multiple claims being generated by the same or a related event (such as the large number of claims that might follow a natural disaster). In the same…