Financial services company Latitude was hacked [news.com.au] exposing the data of 328,000 customers with 100,000 to possibly include driver's licence data. This is just the latest in a long list of hacks to extract customer data. The Australian Government is still reviewing the relevant privacy laws with the intention of increasing fines to $50m for data breaches [acs.org.au].
ASX-listed Latitude, which provides credit cards to thousands of Australians, announced on Thursday morning that it has been targeted in a “sophisticated and malicious cyber attack”.
“The attacker appears to have used the employee login credentials to steal personal information that was held by two other service providers,” the company said in a statement to the ASX.
Data is the new gold of the digital new millennium and with companies collecting so much personal information it is only a matter of time before identity theft and bank account looting is the norm.
Who has a copy of your drivers licence?