Australia’s Commonwealth Bank says records of nearly 20 million accounts lost

CBA

SYDNEY: Commonwealth Bank of Australia (CBA), the country’s top lender, has confirmed it lost records of almost 20 million accounts and decided to not inform its clients, a breach the nation’s prime minister called “an extraordinary blunder.”

CBA’s announcement, which was made in a YouTube video by a senior bank executive a day after BuzzFeed Australia reported the data breach, puts further pressure on Australian banks already reeling from revelations of widespread misconduct in a judicial inquiry.