Security News > 2023 > March > Latitude Financial data breach now impacts 14 million customers

Australian loan giant Latitude Financial Services is warning customers that its data breach is much more significant than initially stated, taking the number of affected individuals from 328,000 to 14 million.

Australian loan giant Latitude Financial Services has released an updated data breach notification warning customers that the breach is much more significant than initially stated, taking the number of affected individuals from 328,000 to 14 million.

On March 16, 2023, the Australian personal loan and financial service provider disclosed a cyber-incident where a threat actor stole an employee's login to breach two of the company's service providers holding Latitude's customer data.

After further investigating the incident, Latitude has revealed that the impact of the incident is much more significant, now believed to have affected 14 million customers or loan applicants from Australia and New Zealand.

Latitude says they will reimburse those wishing to replace their stolen ID documents and recommend customers monitor their credit reports for fraudulent activity.

The Australian Federal Police, which assists Latitude in the ongoing investigations, has also announced that it is expanding "Operation Guardian" to help protect Latitude's customers from cybercriminals attempting to exploit the leaked personal data.

News URL

https://www.bleepingcomputer.com/news/security/latitude-financial-data-breach-now-impacts-14-million-customers/