Fintech firm Latitude says data theft hits businesses

111
1
Fintech firm Latitude says data theft hits businesses

On Wednesday, a Reuters-Fintech firm Latitude Group Holdings said it had found further evidence of large-scale information theft affecting former and current customers across Australia and New Zealand, sending its shares sharply lower.

The Australian digital payments and lending firm said it was trying to identify the number of customers affected and the type of personal information stolen by the hacker.

Our focus remains on containing this attack, progressing our forensic review of the actions taken by the attacker and restoring operational capability gradually over the coming days, the company said in a statement.

Over the past few months, a number of Australian firms have reported cyberattacks, and experts say this is due to an understaffed cybersecurity industry in the country.

Shares of Latitude, which provides consumer finance services to major retailers Harvey Norman and JB Hi-Fi, dived 13.7% on trading resumption. The company's stock was last traded on March 15.

Latitude said personal information of around 328,000 customers, including copies of drivers' licences, was stolen last week. The Federal Police is investigating the attack, and it took its platforms offline on Monday.