Latitude Becomes Victim Of Cyber Attack, Platform Service Deactivated And Data 330,000 Stolen Customers

Australian fintech company Latitude Group Holdings Ltd announced that its platform has been temporarily shut down due to cyberattacks detected last week.

Latitude said the attack appeared "well-organized" and would gradually revive services in the next few days. Latitude provides consumer financial services to several retail stores in Australia, including Harvey Norman and JB Hi-Fi.

Last week, the company said that personal information from some 330,000 customers and registrants, especially copies or driving license numbers, had been stolen in the attack.

Several Australian companies have reported cyberattacks in recent months, and experts say this is due to a lack of experts in the country's cybersecurity industry.

Latitude said that the Australian Federal Police and the Australian Cyber Security Center were investigating the attack. Latitude shares have not been traded since March 15, a day before the company first revealed the cyberattack.

Latitude Group Holdings itself is an Australian-based fintech company that provides consumer financial services such as credit cards, personal loans, and retail payments.

The company was founded in 2015 and headquartered in Sydney, Australia. Latitude is engaged in the financial business and has partnerships with several well-known retail stores in Australia, including Harvey Norman and JB Hi-Fi.