Monday, March 27, 2023
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Latitude Monetary hit by malicious cyberattack

Latitude Monetary has revealed it has been hit by a complicated and malicious cyberattack that has compromised a complete of 328,000 separate items of information that it had sourced from its clients.

The loans, bank card and insurance coverage supplier stated it had detected uncommon exercise on its techniques over the previous couple of days that was believed to have originated from a significant vendor utilized by Latitude.

The corporate stated the attacker appeared to have used worker login credentials to steal private info that was being held by two different of Latitude’s service suppliers.

In a press release to the ASX on Thursday morning, Latitude stated roughly 103,000 identifications paperwork – 97% of which had been drivers’ licences – had been stolen from the primary service supplier, whereas 225,000 buyer information had been stolen from a second service supplier.

“Latitude is continuous to answer this assault and is doing every little thing in its energy to comprise the incident and stop the theft of additional buyer knowledge,” it stated. “This contains isolating and eradicating entry to some customer-facing and inner techniques.”

Latitude stated it was working with the Australian Cyber Safety Centre and had alerted related regulation enforcement companies and engaged a number of cybersecurity specialists to help with a response.

“Latitude will cooperate with authorities to research this assault. Our priorities are to make sure the continued safety of our clients, our workers and our companions whereas persevering with to ship providers.”

Latitude Monetary’s service provider companions embrace Harvey Norman, City Republic and David Jones, in response to The Australian, which reported the latter signed a bank card provide deal in January.

The Latitude cyberattack is the most recent in a sequence of main cybersecurity breaches in Australia, with Optus and Medibank amongst these firms focused.



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