If found guilty following the joint investigation by Australia and New Zealand's privacy regulators, Latitude could pay penalties of up to $50 million for each violation.
An investigation into the Latitude Group's personal information handling practice following a cyber attack has begun by Australia and New Zealand's privacy regulators.The investigation will check whether Latitude took "reasonable steps" to prevent hackers from gaining access to dataIf found guilty, Latitude could pay penalties of up to $50 million for each violation
The Office of the Australian Information Commissioner and the New Zealand Office of the Privacy Commissioner said the decision followed preliminary inquiries into the matter by both regulators. Latitude Group, a provider of credit cards and personal loans for some of Australia's biggest retailers, said in March that hackers stole
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