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Latitude Financial says it won't pay ransom for Australia, New Zealand data breaches

( April 11, 2023, 00:00 GMT | Official Statement) -- MLex Summary: Australian-based digital-payments company Latitude Financial says it won’t pay the ransom being demanded by the cybercriminals that stole approximately 7.9 million Australian and New Zealand driver-license numbers in a recent attack. In a statement to the Australian Securities Exchange today, Latitude said the company didn’t believe that paying the ransom would result in the return or destruction of the information that was stolen. In today’s statement, Latitude CEO Bob Belan apologized to clients for “the distress that this cyberattack has caused, and I hope that, in time, we are able to earn back the confidence of our customers.” The full statement from Latitude Financial to the Australia Securities Exchange is attached. ...

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