After hackers hacked the country’s second-largest telecoms provider, Prime Minister Anthony Albanese said on Monday that Australia aims to toughen privacy legislation to encourage corporations to alert banks faster when they encounter cyber assaults. Optus, which is owned by Singapore Telecoms Ltd, announced last week that up to 10 million customers’ home addresses, driver’s license numbers, and passport numbers had been hacked.
The episode, according to Prime Minister Anthony Albanese, was a “major wake-up call” for the corporate sector. According to Australian media, an anonymous entity sought $1 million in cryptocurrencies for the material. Optus said it will provide free credit monitoring and identity protection through credit agency Equifax Inc for a year to the most affected consumers.
It did not specify how many clients were eligible for the deal. The telecom has now notified all customers whose license or passport numbers have been taken, according to an emailed statement. Payment information and account passwords were not hacked, according to the statement. Australia has been working to boost cyber defenses and planned 2020 to invest A$1.66 billion ($1.1 billion) over a decade to upgrade corporate and household network infrastructure.