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Australia to alter privacy law after Optus faces massive data breach

The Australian government on September 26 cleared its plan to hit back after facing a massive data breach at telecom firm Optus. Australian prime minister Anthony Albanese, in his recent statement, announced plans to make some changes in privacy policies to help banks take the right step against cybercrime.

As per the report last week, the top Australian telecom firm, Optus, revealed that the personal data of over 10 million users has been compromised.  However, Optus stated that payment information and account passwords were safe, certain customers’ names and addresses, driver’s identification documents, and passport numbers had been made public.

The personal data of up to 10 million customers, some 40% of the population, has been compromised by hackers, reported Optus, which is owned by Singapore Telecoms Ltd. While Optus stressed that payment details and account passwords remained secure, some customers have had their home addresses, drivers’ licence and passport numbers exposed.

Notably, the top telecom firm revealed that it had notified those whose permit or passport data had been hacked. In addition to this, Optus also offers free credit monitoring and identity protection to the most impacted consumers through the credit agency Equifax for a year.

Moreover, Optus still has yet to reveal how the security breach came about. As per the company source, the attacker’s IP address appeared to roam around European nations. As per the local report, an unnamed person had asked for $1 million in cryptocurrencies in return for the data in an online forum.

Australian Prime minister refers situation as “a major wake-up call”

In reaction to one of the most devastating data breaches in the nation, The country’s prime minister refers to the situation as “a major wake-up call” for the private sector. In addition to this, the prime minister, Albanese, also agreed that certain government actors and criminal groups seek access to people’s data.

While speaking on a radio station, 4BC, the prime minister, Albanese, said, “We want to make sure… A that we change some of the privacy provisions there so that if people are caught up like this, the banks can be let know, so that they can protect their customers as well.”

 

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