Australian FinTech takes itself offline to deal with cyber incident that caused data leak
Latitude Financial has blamed a supplier for leaking creds that caused vast PII leak Australian outfit Latitude Financial has taken itself offline, and even stopped serving customers, while it tries to clean up an attack on its systems.[PDF] news that it had “detected unusual activity on its systems over the last few days that appears to be a sophisticated and malicious cyber-attack.”
Intriguingly, the company told investors the attack “originated from a major vendor used by Latitude.” More on that later. Latitude said the attack on the vendor exposed credentials of its staff, which were used to log on to two other service providers it uses for matter such as identity verification. Those creds were used to access over 100,000 identification documents from one service provider and 225,000-plus customer records from the other. Data accessed included details of drivers licenses, passports, and health insurance cards.
Taking its services offline means major Australian retailers – including Apple – can’t access Latitude’s consumer credit products that they offer as an alternative payment mechanism.
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