Latitude Financial Admits Breach Impacted Millions

Latitude Financial has unveiled that a cyber-attack introduced before this thirty day period resulted in the theft of about 14 million shopper documents, which include sensitive own information.

The Melbourne-headquartered consumer loan provider explained in a statement right now that hackers took 7.9 million Australian and New Zealand driver’s licence quantities, 40% of which were being submitted to the organization in the earlier 10 years.

An supplemental 6.1 million records dating back to 2005 were also stolen, of which 94% were presented prior to 2013. However, quite a few of these will even now be legitimate, as they include personal specifics such as title, handle, telephone variety and day of birth.

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Some 53,000 passport numbers have been also stolen, as have been the money statements related to “less than 100 prospects.”

Originally, Latitude Money claimed the breach had resulted in the decline of only about 100,000 identification files and 225,000 purchaser records.

Read through far more on Australian data breaches: Aussie Data Breaches Surge 489% in Q4 2022.

Though it claimed no suspicious action has been observed because March 16, the firm will probably face a substantial tumble-out from the incident.

Shoppers are very likely to be bombarded with convincing phishing attacks applying the stolen knowledge to attain money specifics, even though scammers could also get the data on the internet to attempt identification fraud.

Latitude Monetary CEO, Ahmed Fahour, explained today’s news as “hugely disappointing” and apologized to impacted customers.

“We are fully commited to working carefully with impacted customers and applicants to lower the risk and disruption to them, which includes reimbursing the expense if they decide on to substitute their ID document. We are also fully commited to a complete critique of what has happened,” he additional.

“We urge all our clients to be vigilant and on the look-out for suspicious behavior relating to their accounts. We will never get hold of prospects requesting their passwords.”

Attackers reportedly managed to acquire Latitude staff credentials to entry the files, although it is not obvious precisely how.

Latitude Economical is Australia’s greatest non-lender financial institution and provides invest in no pay afterwards (BNPL) providers to a string of well-known domestic vendors.