In Australia in 2022, a very large institution had a breach of private records [1]. That same year they made $590 million profit.
Today the Office of the Australian Information Commissioner has taken penalty action -- a rarity. This opens the door to rather large fines imposed by the Federal Court, up to $2m per contravention.
More info likely to be updated in other news [2] publications.
[1] https://www.abc.net.au/news/2022-12-01/medibank-data-leak-ha...
[2] https://www.abc.net.au/news/2024-06-05/medibank-taken-to-fed...
