Following massive cyber-attack, Australia intends to change its privacy laws

(MENAFN) After hackers targeted the country's second-largest telecoms firm, Prime Minister Anthony Albanese said on Monday that Australia plans to change privacy rules to allow banks to be alerted faster to cyber-attacks on companies.

Optus, which is owned by Singapore Telecoms Ltd, announced last week that the personal information of up to 10 million customers, or roughly 40% of the population, had been compromised in one of Australia's largest data breaches.

The attacker's IP address, or computer's unique identifier, appeared to move between countries in Europe, according to the company, which declined to elaborate on how security was breached.

The incident, according to Albanese, was a "huge wake-up call" for the corporate sector, as some state actors and criminal groups wanted to access people's data.

"We want to make sure ... that we change some of the privacy provisions there so that if people are caught up like this, the banks can be let know, so that they can protect their customers as well," he informed radio station 4BC.


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