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Latitude Monetary hit by malicious cyberattack

Latitude Monetary has revealed it has been hit by a classy 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 methods over the previous couple of days that was believed to have originated from a serious 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 have been drivers’ licences – have been stolen from the primary service supplier, whereas 225,000 buyer information have been stolen from a second service supplier.

“Latitude is constant to reply to this assault and is doing every part in its energy to comprise the incident and stop the theft of additional buyer information,” it stated. “This contains isolating and eradicating entry to some customer-facing and inside methods.”

Latitude stated it was working with the Australian Cyber Safety Centre and had alerted related legislation 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 staff and our companions whereas persevering with to ship providers.”

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

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



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