Optus hack – what data has been handed over?

Published

3 years ago

October 4, 2022

Millions of Australians are caught up in a data breach with one of the nation’s largest telco’s

The telco says it is working with the Australian Federal Police to determine how the data was breached.

Optus has also called in external consultants to conduct an independent review of its data breach to ‘prevent it from occurring again’.

After almost two weeks of uncertainty for millions of customers, Optus has finally handed over data to Services Australia.

Optus has revealed more than two million customers had their identification documents exposed in the data breach.

The teleco giant has launched an independent review conducted by external consultants to investigate this major data breach.

The commissioner responsible for investigating the hack says the telco’s collection of personal data may have gone beyond its legal requirements.

At least 2.1 million personal identification numbers have been stolen

Optus believes 7.7 million do not need to replace documents.

The CEO of Optus says the telco’s mission is to protect customers.

Of the 2.1 million exposed, 900,000 identity documents had expired.

Optus has contacted all customers who need to take action.

Several government ministers have criticised the company’s response and its failure to promptly advise customers or the government what personal details had been compromised.

We spoke to one professor who believes this could be Australia’s biggest cyber breach to date

The FBI, AFP, and now external consultants too – who is getting to the bottom of the Optus data breach?@UniMelb Associate Professor @tobycmurray on #OptusHack developments pic.twitter.com/BVWRYBmlW6
— TICKER NEWS (@tickerNEWSco) October 3, 2022

Right now the company is in damage control working with Government authorities to get this under control.

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Bitcoin rises as a safe asset during shutdown

Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

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12 hours ago

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Bitcoin reaches near all-time high as investors seek safe havens amid US government shutdown

In Short:
– Bitcoin nears all-time high amid U.S. government shutdown, trading at $123,685.87 on October 3rd.
– In South Korea, Bitcoin surpassed 170 million KRW, reaching 170.96 million KRW on October 3rd.

Bitcoin has reached near its all-time high during the U.S. government shutdown, establishing itself as a safe asset.

On October 3rd, at the U.S. cryptocurrency exchange Coinbase, Bitcoin traded at $123,685.87, closely approaching the record high of $124,290 set in August. This marks a 1.89% increase in just 24 hours and the first time in two months that Bitcoin has surpassed $123,000.In South Korea, Bitcoin’s value also surged, surpassing 170 million KRW for the first time on the night of October 2nd.

The price climbed to 170.96 million KRW at Bithumb on October 3rd, breaking the previous record of 169.90 million KRW from August 14th.

The surge in Bitcoin’s price is driven by increased interest in safe-haven assets amid the government shutdown. Since October 1st, 750,000 federal employees have been placed on unpaid leave, leading investors to consider alternative assets.

Jeff Kendrick of Standard Chartered remarked that the current market situation differs from the 2018-2019 shutdown, as Bitcoin now closely correlates with U.S. government risk.

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Forecasts suggest Bitcoin’s upward momentum will persist. Standard Chartered predicts Bitcoin could break its all-time high and reach $135,000. JP Morgan analysts foresee a potential rise to $165,000 by year-end.

Historically, October has been a bullish month for Bitcoin, coining the term ‘Uptober’ due to average returns of 20.63% over the last decade. Ethereum is also on the rise, trading around $4,500, contributing to a larger $4.12 trillion cryptocurrency market.