Latitude Financial Attack Costs Company Up to AU$105 Million

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Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, which includes a five-week period during which debt collection systems were severely affected by the attack.

Hackers demanded extortion from the non-bank creditor after stealing data pertaining to 14 million customers, including nearly 8 million Australian and New Zealand driver’s license numbers. They obtained access through privileged credentials acquired from a third party.

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