Latitude finance

The cyberattack of Aussie financial firm Latitude is far worse than the company originally reported with a whopping 14 million customers' details stolen as ...

“We continue to work around the clock to safely restore our operations. We are also committed to a full review of what has occurred. We will never contact customers requesting their passwords. [Optus ](https://www.news.com.au/finance/business/other-industries/10-per-cent-of-optus-customers-leave-after-cyberattack/news-story/431a0661233a698eb3a6d2bb7c68562c)and [Medibank had the details of millions](https://www.news.com.au/finance/business/banking/cba-scammers-trick-hacker-impersonates-tasmanian-man-to-steal-40k-in-savings/news-story/9aba8cd485f3ddfa0247e5f84ac15de1) of customers stolen in two separate sophisticated cyber attacks that descended into ransom demands which were not paid. The company had previously said it was still trying to contain the “malicious” attack but in its latest update to the market it said the to the best of its knowledge no suspicious activity had been observed in its systems since Thursday, 16 March. Latitude first unveiled it had been attacked when it reported it had noticed “unusual activity” on its systems in the last couple of days. We are rectifying platforms impacted in the attack and have implemented additional security monitoring as we return to operations in the coming days.” “We are committed to working closely with impacted customers and applicants to minimise risk and disruption to them, including reimbursing the cost if they choose to replace their ID document. Last week it said Medicare numbers and “copies of passports or passport numbers” were included in the theft of personal information affecting approximately 333,000 customers and applicants. In an announcement to the ASX, the firm said it had identified approximately 7.9 million Australian and New Zealand driver's licence numbers that have been stolen, while a further 6.1 million records dating back to at least 2005 have also been obtained by the hackers. Latitude said it would reimburse customers who choose to replace their stolen ID document and said it maintains insurance policies to covers risks, including cyber security incidents, and as a result it had informed its insurers. The cyberattack of Aussie financial firm Latitude is far worse than the company originally reported with a whopping 14 million customers’ details stolen as a result of the breach.

Consumer finance provider Latitude Financial has confirmed that details of 14 million consumers, including the drivers licence numbers of 7.9 million ...

The hackers began leaking some stolen data onto the dark web and Medibank lost $2 billion from its market valuation at the height of the crisis. Separately, an additional 6.1 million records, dating back to at least 2005, were stolen, including some but not all of the following: name, address, telephone number and date of birth. The company said about 53,000 passport numbers were also stolen in the attack. Cybersecurity Minister Clare O’Neil on Monday said the scale of the data theft was very concerning. Latitude provides consumer finance services to Harvey Norman, JB Hi-Fi, The Good Guys and Apple, and recently signed up David Jones. We are also committed to a full review of what has occurred,” added Fahour, who retires from his position on Friday.

The March cyberattack on Latitude Financial was at least 42 times bigger than initially reported, making it one of the largest reported data breaches in ...

Latitude said a further 6.1 million records were stolen in the attack, most of which were more than a decade old. The government shares the frustration and concern experienced by many citizens who fear their data may now have been stolen on multiple occasions,” she said. Connect with John on [[email protected]](mailto:[email protected]) Former NSW deputy privacy commissioner Anna Johnston said the age of many of the documents stolen in the Latitude attack showed that tougher privacy laws were needed in Australia, to force companies to destroy data they no longer need. The size of the data breach now eclipses that of the Medibank Private breach in October, when the insurer failed to secure the personal information belonging to 9.7 million current and former customers. The lender said on Monday it had now established that 7.9 million driver’s licence numbers of Australian and New Zealand customers and applicants had been stolen in the attack, 3.2 million of which were supplied in the past decade.

In an update [pdf] to the Australian Securities Exchange, the consumer credit company said around 3.2 million of those licences were provided in the last 10 ...

When the breach was first discovered, Latitude believed it affected around 225,000 customers. The breach began when staff logins were used to access two third-party services providers. The breach also affected 53,000 passport numbers, and financial statements affecting fewer than 100 customers.