Criminals who stole the data of 14 million consumers from Latitude Financial made a ransom demand to the consumer lender,which it is refusing to pay.
The data breach affects the driver’s licence numbers of 7.9 million Australian and New Zealand customers of retailers including Harvey Norman,JB Hi-Fi,The Good Guys and Apple.
Consumer finance provider Latitude Financial expects the number of victims to grow as it tries to contain the damage from hackers,who are still active in the company’s computer systems.
The former head of Australia Post says he had wanted to lead the consumer finance business for three to four years.
Latitude chief executive Ahmed Fahour says his group will be able to offer a range of interest-free loan products to Humm’s buy now,pay later and credit card customers.
The Ahmed Fahour-led business is seeking a piece of the long-term surge in consumer spending by Asia’s rising middle class.
There was a time when really lucky girls and boys scored a pony for Christmas,but in these heady times it seems an equestrian estate is more the thing.
Latitude chief executive Ahmed Fahour says the expected pre-Christmas economic rebound depends on vaccination rates continuing to climb.
Latitude CEO Ahmed Fahour says that barring some unforeseen calamity,the company expects its final dividend in six months will be at the same level as the interim payment.
As Ahmed Fahour’s Latitude unveiled the $200 million purchase of Symple Loans,the former Australia Post boss said the Afterpay deal showed the nation was performing well in financial innovation.
A snap review of corporate expenses under ex-Australia Post boss Ahmed Fahour found watches and luxury pens were purchased during his tenure.