Australia’s Largest Bank Lost The Personal Financial Histories Of 12 Million Customers

The Commonwealth Bank lost the personal financial histories of 12 million customers, and chose not to reveal the breach to consumers, in one of the largest financial services privacy breaches ever to occur in Australia.

BuzzFeed News can reveal that the nation’s largest bank lost the banking statements for customers from 2004 to 2014 after a subcontractor lost several tape drives containing the financial information in 2016.

While the bank initially notified the Office of the Australian Information Commissioner (OAIC) of the breach shortly after it became aware of it in 2016, a spokesperson for the OAIC told BuzzFeed News it was now making further inquiries into the privacy breach, following a damning report into the bank’s culture released on Tuesday.

Quelle: Australia’s Largest Bank Lost The Personal Financial Histories Of 12 Million Customers | Buzzfeed.com