/ 17 March 2023

A(nother) bad day for financial institutions

clint-patterson-dYEuFB8KQJk-unsplash

Starting domestically… Latitude Financial has become the latest Aussie company to fall victim to a cyberattack after hackers stole the personal data of almost 330,00 customers. The business provided buy now, pay later products for Aussie retailers, including Harvey Norman and JB Hi-Fi, meaning it holds a lot of sensitive customer data. Latitude says the “sophisticated” attack saw hackers use staff logins to steal data, including at least 100,000 identity documents like driver’s licences. The company is working with cyber experts and regulators to contain the incident. And markets worldwide slumped yesterday, with one of Europe’s biggest banks, Credit Suisse, said to be on the brink of collapse. It will borrow $81 billion from the Swiss central bank to shore up its finances, but there are fears of a global financial crisis after recent US bank collapses.

Know someone who'd be interested in this story? Click to share...

The Squiz Today

Your shortcut to being informed, we've got your news needs covered.

Get the Squiz Today newsletter

Quick, agenda-free news that doesn't take itself too seriously. Get on it.