Latitude Financial says it will not pay a ransom to the cybercriminals who stole data belonging to 14 million past and present customers in what was one of the largest breaches in Australian history.
The instalment pay and credit card company said it “will not reward criminal behaviour” and it does not believe “paying a ransom will result in the return or destruction of the information that was stolen”. It did not specify the amount being demanded from the criminals.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
John Davidson is an award-winning columnist, reviewer, and senior writer based in Sydney and in the Digital Life Laboratories, from where he writes about personal technology. Connect with John on Twitter. Email John at jdavidson@afr.com
