Latitude

Major retailers led by JB HiFi and Harvey Norman will have to find new sources of consumer finance after the hacking crisis at Latitude Financial worsened ...

Because the cyber-attack remains active, Latitude Financial said it was taking some of its systems for customers and merchant partners offline. The company’s shares remain suspended with a return to trading due on March 22. Latitude said the details were stolen from service providers it uses.

Finance company Latitude Financial says it will cover the cost of replacing identification documents following a cyber attack that breached the privacy of ...

Latitude said it was working with relevant agencies to replace identification documents, where necessary, at no cost to customers. We will provide a further update when we have more information to share.” *

Harvey Norman who are a major backer of Latitude Financial Services with the mass retailer recently spruiking 60 months interest free packages, ...

The company admits it was “likely” more victims of the hack, are set to be identified. Also affected is JB Hi-Fi and The Good Guys, but to a lesser degree as more of their consumers use credit cards to do a transaction. “We are working extremely hard to restore full services to our customers and merchant partners, and thank them for their patience and support.”

Australian fintech firm Latitude Group said it had taken its platforms offline as the cyberattack detected last week remained active.

Latitude said the Australian Federal Police and the Australian Cyber Security Centre were looking into the attack. Australian fintech firm Latitude Group said it had taken its platforms offline as the cyberattack detected last week remained active, adding the Federal Police is investigating the incident. Last week, the firm said personal information, mostly drivers’ licence copies or licence numbers, of about 330,000 customers and applicants was stolen.

Latitude admits it STILL has hackers lurking inside its computers after they stole data from Harvey Norman, JB Hi-Fi and Apple clients - as finance firm is ...

The government vowed to create a National Office of Cyber Security and a new role known as the Coordinator for Cyber Security based in the Department of Home Affairs. Personal finance company Latitude has been forced to stop taking new customers after a major cybersecurity breach saw hackers take the personal data of around 330,000 customers Latitude said while Australian Federal Police were investigating the data breach the company had been forced into 'isolating technology platforms', meaning it could not take on new customers for its range of loan, credit card and insurance businesses.

Financial services provider Latitude Financial says the personal information of about 330000 customers and applicants was stolen during a data breach...

Latitude chief executive Ahmed Fahour said: "I sincerely apologise to our customers and partners for the distress and inconvenience this criminal act has caused. We are working extremely hard to restore full services to our customers and merchant partners and thank them for their patience and support. "However, we are working to do so gradually over the coming days and ask our customers for their continued patience.

The Latitude Financial cyber attack is more extensive and sustained than first reported and has resulted in severe disruptions to the business.

It is not able to take calls from customers about the hack. It is not onboarding new customers and is unable to service customers and merchant partners. It is continuing to provide transaction services.

Chair of the Australian Computer Society (ACS) Cyber Security Committee Louay Ghashash described the company's inability to secure four separate access points ...

“If businesses don’t understand the security provisions of the third parties that hold their data, then they will struggle to be able to prevent and manage these types of attacks in the future.” “When you engage a service and you handle sensitive data, you have responsibility to verify that the provider has equal or better security than yours.” Ghashash is scathing of what he calls “mediocre” statements companies tend to publish in the wake of data breaches and would prefer to see organisations own up to their own mistakes. “Either this attack was so sophisticated that they compromised the multi-factor authentication (MFA) of different service providers and Latitude itself, or there was a simpler explanation.” Last week, Latitude publicised details about the incident which it said was the result of a “sophisticated” cyber attack originating with the compromise of a “major vendor used by Latitude”. [100,000 copies of driver licenses](https://ia.acs.org.au/article/2023/latitude-financial-hacked--328-000-records-stolen.html) being exposed to attackers was a “ridiculous” failure to mitigate the risk of data being handled by third-party service providers, according to cyber security experts.

Customers who have had their NSW driver licence details exposed in the Latitude Financial data breach are encouraged to replace their card.

Latitude has engaged leading external cyber security experts, the Australian Cyber Security Centre, the Australian Federal Police for an investigation and other ...

We cannot restore this capability immediately; however we are working to do so gradually over the coming days and ask our customers for their continued patience. This includes Latitude working with relevant agencies to replace identification documents, where necessary, at no cost to our customers,” the statement said. “Our restoration of these services is aligned to our forensic review.

The recent hacker attacks on Optus and Medibank have been well publicised and both companies roundly criticised for their handling of it.

The stock is now suspended from trading and Ahmed Fahour is soon to depart the company. Since Latitude Financial reached a peak of $2.99 the day the stock was listed on April 20, 2021, it has been a steady decline to the current share price of $1.21. However, the company is now saying it may also “include non-customer originating platforms and historical customer information, [and]