Financial services companies, including banks, have reported fewer data breaches than in any quarter over the previous 12 months, but they are unlikely to be ever stamped out entirely, experts say.
The total number of data breaches reported by the sector fell from 40 over the December quarter to just 27 in the March quarter, according to the Office of the Australian Information Commissioner (OAIC).
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com