Be alert but not alarmed about mammoth CBA breach, say experts

Commonwealth Bank customers should be “alert but not alarmed” about a mammoth data breach in 2016, which the bank chose to keep private, Australia’s former privacy commissioner, Malcolm Crompton, says.

As the scandal-plagued bank faces the fallout from this latest incident — which has prompted the privacy regulator to re-look at how the bank handled it — privacy experts said even if a similar breach happened again, the bank might not be required to disclose it under new notification laws.

“It’s still very unclear and it actually won’t be clarified until the courts get a chance to rule on it,” Mr Crompton said.

Read more on the Sydney Morning Herald website

Be the first to comment

Leave a Reply

Your email address will not be published.