Connect with us

Hi, what are you looking for?

World News

Australia, NZ privacy regulators launch joint probe into Latitude Group

 – The privacy regulators for Australia and New Zealand said on Wednesday they had begun a joint investigation into the personal information handling practices at consumer finance firm Latitude Group, which was hit by a cyber attack.

The Office of the Australian Information Commissioner (OAIC) and the New Zealand Office of the Privacy Commissioner (OPC) said the decision followed preliminary inquiries into the matter by both regulators.

Latitude Groupa provider of credit cards and personal loans for some of Australia‘s biggest retailers, said in March hackers stole nearly 8 million Australian and New Zealand drivers’ license numbers.

Latitude later said it had received a ransom demand but it would not pay as it would be detrimental to customers and cause harm to the broader community by encouraging further attacks.

The breach was New Zealand’s largest and one of the biggest in AustraliaHackers also took about 53,000 passport numbers and more than 6 million customer records, mostly from between 2005 and 2013.

The investigation will check whether Latitude took “reasonable steps” to prevent hackers from getting access and the reasons it had for holding onto the personal information of clients for many years.

If found guilty, Latitude could pay penalties of up to A$50 million ($34 million) for each violation. Latitude shares were down about 1 percent at A$1.29 in early afternoon trade.

Australia is seeing a rise in cyber attacks since late last year with breaches reported by several companies, prompting the federal government to overhaul cyber security rules in February and set up an agency to oversee government investment and help coordinate responses to hacker attacks.

On Wednesday, TechnologyOne Ltd. became the latest target after the enterprise software maker said it had detected an unauthorized third-party access to its back-office systems. – Reuters

    You May Also Like


    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...


    1.22 billion people use Instagram every month. That’s a huge number of Instagrammers trying to hit it big on the platform all at the...


    Since the rise of online casinos, cybersecurity has become a major concern for both casino operators and players alike. The transactions that go around...


    The Home Office has made next to no progress in tackling criminal fraud during the past five years, despite it having become Britain’s most...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023 | All Rights Reserved