Offshore data needs protecting

Federal Labour MP Anna Burke has introduced a private member's bill which would require banks to inform customers when information about them was sent overseas. While Ms Burke admits that the bill is unlikely to succeed given that support would be required from the government she is concerned about potential risks with the increased use of offshore centres by Australian banks. “I want people to think about who has access to their data, to that information and what protections there are around that” said Ms Burke. “Who uses that data? Who controls it? Where is it stored?”