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Hackers demand ransom from Latitude Financial

Published

2 years ago

on

Hackers demand ransom payment following cyber attack which left millions of Australians compromised

The hackers behind the massive Latitude Financial data breach in Australia have offIcially demanded a ransom payment.

The consumer lender believes a total of 14 million consumers have been impacted.

Latitude has not indicated how much is being demanded, or when the demand was made, but says it will not pay.

In a statement, the CEO says: “Latitude will not pay a ransom to criminals. Based on the evidence and advice, there is simply no guarantee that doing so would result in any customer data being destroyed, and it would only encourage further extortion attempts on Australian and New Zealand businesses in the future.”

Latitude says its priority remains on contacting every customer whose personal information was compromised and to support them through this process.

The stolen information includes the driver’s licence numbers of 7.9 million customers.

Latitude provides finance services to Harvey Norman, JB Hi-Fi, The Good Guys and Apple, and also recently signed up David Jones.

The victims include current and former Latitude customers stretching back more than 10 years. #trending #featured

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China has pledged to “significantly increase” debt to jumpstart its economy

Published

9 hours ago

on

October 14, 2024

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Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

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Niche accountants proving essential to e-commerce success

Published

5 days ago

on

October 9, 2024

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

5 days ago

on

October 9, 2024

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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