SingTel assesses potential cost of Optus Australian data breach




  • In US
  • 2022-10-03 01:24:27Z
  • By Reuters
 

By Sonali Paul

MELBOURNE (Reuters) - Singapore Telecommunications said on Monday it was assessing the potential costs of the massive cybersecurity breach at its Optus arm, Australia's second-largest telco, 12 days ago.

In its second comment on the breach of private data from 10 million accounts, SingTel sought to clarify reports it could face a huge compensation bill.

It said it has not received any legal notice of a class action lawsuit but has engaged lawyers to advise it.

"Any class action will be vigorously defended, if commenced," SingTel said in a statement.

The Australian government on the weekend blamed Optus for the breach, which affected the equivalent of 40% of Australia's population, saying customers were exposed to financial crime and pressing the company to do more to notify those affected.

Last week, an unidentified person posted online that they had released personal details of 10,000 Optus customers. The government urged customers who have been notified of that breach to cancel passports and other identification documents that may have been exposed.

"Singtel is continuing to evaluate the potential financial implications arising from this matter and any material development will be disclosed to the market on a timely basis," the company said.

At least two major law firms, Slater & Gordon and Maurice Blackburn, have said they are investigating a possible class action against Optus to claim compensation for people affected by the breach.

(Reporting by Sonali Paul. Editing by Gerry Doyle)

COMMENTS

More Related News

Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap
Asia Stocks Picture Mixed on Fed View, China Woes: Markets Wrap

(Bloomberg) -- Stocks opened on a cautious note in Asia on Tuesday after Federal Reserve officials stressed that more interest rate hikes were coming and as ...

Labour turmoil sweeps Australia as inflation stirs
Labour turmoil sweeps Australia as inflation stirs 'spirit of anger'

After a decade of making up to A$200,000 a year (about US$135,000) on oil and gas rigs as a fitter and subsea equipment specialist in Western Australia, Adam...

Marine pilot arrested in Australia treated as
Marine pilot arrested in Australia treated as 'high-risk' prisoner
  • US
  • 2022-11-28 23:39:00Z

The Marine veteran's arrest came as Australia was investigating whether any of its former troops had trained Chinese military pilots.

Analysis-Australian buy-now, pay-later sector faces fresh hurdle: regulation
Analysis-Australian buy-now, pay-later sector faces fresh hurdle: regulation

When Melbourne barista Melinda Elliott had to cut back on casual work shifts this year, she asked her buy-now, pay-later (BNPL) provider, Afterpay, to lower ...

Drive to Bypass China in Lithium Refining Grows in Australia
Drive to Bypass China in Lithium Refining Grows in Australia

(Bloomberg) -- Pilbara Minerals Ltd., one of Australia's biggest lithium producers, plans to build a demonstration plant in Western Australia capable of...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: US