Under changes expected to be announced in coming days, banks and other institutions will be informed much faster when a data breach occurs at a company so personal data cannot be used to access accounts.
abc.net.au/news/new-security-measures-to-be-unveiled-following-optus-data-breach/101472364The Home Affairs Minister is soon expected to announce several new security measures following the massive Optus data breach that saw hackers steal the personal details of up to 9.8 million Australians.Under the changes, banks and other institutions would be informed faster of a similar data breach
Many in the telecommunications sector blame regulation, including metadata retention laws, for contributing to the breaches Privacy protections currently prevent banks being immediately told about a cyber breach that's relevant to their customers.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Optus’ response to massive data breach ‘incredibly weak’Sky News host Chris Smith says the massive Optus data leak which compromised the privacy of up to 9.8 million users raises the issue of if customers “can ever trust the security of our utility providers again”. “What was Optus up to, in delaying news of the breach to the public, and then to their customers?” he said. “The government's Scamwatch site says: ‘If you are an Optus customer, your name, date of birth, phone number, email addresses may have been released'. “’For some customers, identity document numbers, such as driver's licences, or passport numbers, could be in the hands of criminals’.” Mr Smith said this leak could make it easy for criminals to commit identity theft but questioned why, if the breach was discovered on Wednesday night, Optus did not make a statement until 2pm Thursday afternoon. “That's an incredibly weak response,” he said. “That delay has clearly allowed hackers, to begin the process of harvesting key data, without customers able to offset those attacks themselves. “And what is also astounding about the way Optus is handling this, is that still today, they don't know exactly how many customers are impacted.”
Read more »
'Human error' emerges as possible factor in Optus hack affecting millions of AustraliansEarly investigations indicate an IT mistake may have led to cyber criminals breaching Optus and stealing the data of potentially millions of Australians.
Read more »
A problem with 'data grab culture': Consumer groups call for better protections after Optus hackAs Optus chief executive Kelly Bayer Rosmarin calls for 'heightened vigilance' after a mass data breach, advocates say companies need to do more for consumers.
Read more »
Optus data breach: How did this happen and how to protect yourself from a cyber attackCyber criminals could reportedly be able to steal the identities of millions of customers following a data breach. Here's what we know.
Read more »
The Optus hack will cost millions (and not just in payouts)OPINION: Based on the experience of companies overseas, the Optus cybersecurity breach could cost the company hundreds of millions of dollars.
Read more »