Optus, banks scramble to share data as fraud fears rises

Lucas Baird, Campbell Kwan and Andrew Tillett

Updated Sep 28, 2022 – 1.30pm, first published at 9.52am

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The federal government is working with financial institutions so that the 9.8 million victims of the Optus data breach get “enhanced monitoring” on their bank accounts to spot potential signs of fraud and identity theft.

Treasurer Jim Chalmers said regulators have been meeting all week to figure out how to share information safely between the financial sector and Optus.

Lucas Baird is a journalist based in The Australian Financial Review's Sydney office.

Campbell Kwan covers commercial and residential real estate for The Australian Financial Review, based in the Sydney newsroom. He was previously the breaking news reporter.

Andrew Tillett writes on politics, foreign affairs, defence and security from the Canberra press gallery.