Australia cyber crime

[ad_1] Inadequate privacy safeguards and the stockpiling of sensitive customer information have made Australia a lucrative target in the eyes of foreign hackers. Inadequate privacy safeguards and the stockpiling of sensitive customer information have made Australia a lucrative target in the eyes of foreign hackers, cybersecurity experts told AFP following a series of major data breaches.Medibank, Australia's largest private health insurer, recently confirmed that hackers had accessed the data of 9.7 million current and former customers, including medical records related to drug abuse and pregnancy terminations. Telecom company Optus fell prey to a data breach of similar scale in late September, during which the personal details of up to 9.8 million people were accessed. Both incidents...

[ad_1] The cost for SingTel to make good customers exposed to one of Australia’s worst data breaches poses big risk to it. The cost for Singapore Telecommunications Ltd. to make good customers exposed to one of Australia's worst data breaches risks wiping out more than one-quarter of its annual profit.Optus, SingTel's Australian mobile-phone business, last week revealed hackers accessed the personal information of as many as 9.8 million customers -- over one-third of the population. Some 2.8 million of them lost details of passports, drivers licenses or government-issued medical identity cards, triggering concerns about large-scale identity fraud, according to the government. One week after the hack was disclosed, the scale a...

Tag: Australia cyber crime

Repeat hacks highlight Australia’s cyber flaws

Giant Data Hack in Australia Risks Eating Into SingTel’s Profit