"Australian Lender Latitude Financial Reports AU$76 Million Cyberattack Costs"

Australian financial services company Latitude Financial recently reported that the cyberattack disclosed earlier this year has cost it tens of millions of dollars. In a financial report covering the first half of 2023, the consumer lender reported roughly $50 million of pre-tax costs and provisions relating to the cyber incident. The company previously estimated a total cost of approximately $70 million. In addition, the company said in its financial report that the cyberattack has negatively impacted various aspects of the business. The company noted that the attack, which is believed to have been carried out by a ransomware group, has exposed information belonging to roughly 7.9 million people in Australia and New Zealand. The compromised information includes contact details, dates of birth, driver's license and passport numbers, driver's license and passport copies, account statements, and income and expense information such as bank account numbers and payment card numbers.

SecurityWeek reports: "Australian Lender Latitude Financial Reports AU$76 Million Cyberattack Costs"