• Tue. Apr 16th, 2024

Coles Reports Latitude Financial’s Assault Resulted in a Client Data Leak

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ByHarper Stewart

May 4, 2023
Coles Reports Latitude Financial's Assault Resulted in a Client Data Leak
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Coles, the largest supermarket chain in Australia, has admitted a financial data leak linked to an assault on Latitude Financial.

Coles, the biggest supermarket chain in Australia, has acknowledged a financial data leak linked to a cyberattack on Latitude Financial. The Australian Broadcasting Corporation (ABC) reported that personal data used to issue credit cards bearing the Coles brand was obtained by a cybercriminal organization in the incident.

330,000 client records were impacted by a hack in March, according to Latitude Financial’s disclosure to the Australian Securities Exchange. The corporation announced on March 27th that 14 million client records, most of which go back to 2005, had been taken by thieves. Driver’s license numbers, names, residences, dates of birth, and tens of thousands of passport numbers were among the stolen data.

When Latitude Financial was part of GE Money, which released credit cards under the Coles and Myer brands. Afterward, GE Money sold Latitude Financial, the group that founded it, its Australian banking operations. Although Coles acknowledged in a statement dated April 14th that the compromise had an impact on its credit card services, it didn’t specify how many consumers were affected.

According to a Latitude Financial spokeswoman, the company is in the process of informing the affected clients after it was confirmed that Cole’s credit cardholder information was exposed. The Coles representative expressed disappointment that a cyberattack had happened and apologized for the trouble and inconvenience.

Notably, in 2018, Coles transferred its banking services to Citibank, which is owned by NAB.

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Harper Stewart

With a deep understanding of the complexities of the Dark Web, Harper curates informative and thought-provoking content for our readers. Her knowledge of the hidden corners of the internet and cybersecurity helps shed light on the often mysterious and illicit activities that take place in this realm.