Singtel Sets Aside AUD140mn to Cover Cost of Optus Privacy Breach
Singtel CEO Yuen Kuan Moon said “there is much work to be done” to restore confidence in Australia’s second-largest mobile operator.
Singtel CEO Yuen Kuan Moon said “there is much work to be done” to restore confidence in Australia’s second-largest mobile operator.
Australians who google the words ‘Optus’ and ‘cancellation’ are shown adverts begging them to give the operator another chance.
Kelly Bayer Rosmarin, CEO of Australian telco Optus, appears to be on the brink following a deluge of criticism.
Regulators want businesses to be able to share data so they can prevent fraud when personal data has been compromised.
The news follows a massive breach at Australian rivals Optus, but the two incidents have little in common.
The CEO of the Australian telco immediately apologized but sources says up to 9 million customers may be affected because foreign hackers exploited a leaky API.
With some handsets now costing over USD2,000, criminals are willing to use force to steal them.
The participants of RAG Sydney charted the areas where risk and assurance work is succeeding, and where it needs to mature.
Australian telco Optus will be hosting a Risk & Assurance Group (RAG) conference in Sydney at the end of January 2018.
Common sense tells us it is wasteful to own things but not know where they are, or how they are being used.