Singtel assesses potential cost of Optus Australian data breach


FILE PHOTO: A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz

MELBOURNE (Reuters) - Singapore Telecommunications said on Monday it was assessing the potential costs of the massive cybersecurity breach at its Optus arm, Australia's second-largest telco, 12 days ago.

In its second comment on the breach of private data from 10 million accounts, Singtel sought to clarify reports it could face a huge compensation bill.

It said it has not received any legal notice of a class action lawsuit but has engaged lawyers to advise it.

"Any class action will be vigorously defended, if commenced," Singtel said in a statement.

The Australian government has blamed Optus for the breach, which affected the equivalent of 40% of Australia's population, saying customers were exposed to financial crime and pressing the company to do more to notify those affected.

Last week, an unidentified person posted online that they had released personal details of 10,000 Optus customers. The government urged customers who have been notified of that breach to cancel passports and other identification documents that may have been exposed.

"Singtel is continuing to evaluate the potential financial implications arising from this matter and any material development will be disclosed to the market on a timely basis," the company said.

At least two major law firms, Slater & Gordon and Maurice Blackburn, have said they are investigating a possible class action against Optus to claim compensation for people affected by the breach.

Optus on Monday said it had appointed Deloitte to run an independent external review of the cyberattack and the company's security systems, controls and processes.

"While our overwhelming focus remains on protecting our customers and minimising the harm that might come from the theft of their information, we are determined to find out what went wrong," Optus Chief Executive Officer Kelly Bayer Rosmarin said in a statement released by Singtel.

The company said during the weekend it is also working closely with federal and state government agencies.

(Reporting by Sonali Paul. Editing by Gerry Doyle)

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

India regulator asks One 97 Communications unit to reapply for payment aggregator licence
Mercedes-Benz criticized for hiding fast acceleration behind paywall
Catfishing cosmonauts, scamming soldiers: Never fall in love online?
Opinion: Billionaires like Elon Musk, Sam Bankman-Fried didn’t save the world. They wrecked it. Let’s take it back
Elon Musk says Twitter's ban on Trump after Capitol attack was 'grave mistake'
Metaverse is a risk to human social skills, Abba Voyage producer says
South Korean capital launches self-driving bus experiment
Crypto lender Genesis subject of probe by regulators - Barron's
Binance CEO Zhao says don't fight crypto, regulate it
Amazon settlement with EU antitrust regulators possible by year end -sources

Others Also Read