🇦🇺Australia
Cost of Poor Data Quality in NDB Compliance
2 verified sources
Definition
Inadequate data quality validation exposes firms to NDB penalties and compensation claims.
Key Findings
- Financial Impact: AUD 50,000+ per breach (fines + notification costs); 2-5% revenue impact from client churn
- Frequency: Per incident
- Root Cause: Manual reconciliation misses data inconsistencies in client datasets
Why This Matters
The Pitch: Data services firms lose AUD 50,000+ per breach incident. Automated validation cuts rework by 80%.
Affected Stakeholders
Data Protection Officer, CIO, Legal Counsel
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Evidence Sources:
Related Business Risks
ATO BAS Lodgement Penalties for Data Errors
AUD 20,000+ per incident in fines and rework (typical for SMEs with data errors)
STP Phase 2 Reporting Fines from Payroll Data Mismatches
AUD 300-3,300 per failure + late fees; 20-40 hours/month manual fixes
Delayed Invoicing from Data Reconciliation Delays
40+ AR days; 1-2% revenue leakage from unbilled services (AUD 500k+ for mid-sized firms)
Data Breach Reporting Fines
AUD 500,000+ per breach, up to AUD 2.5 million max per serious contravention (logic: Privacy Act penalties)
Backup Failure Downtime Costs
AUD 898 million market-wide in 2024 for disaster restoration[2]
DRaaS Market Gap Losses
AUD 250.27 million DRaaS revenue potential in 2025[8]
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