This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Comment: Latitude Financial's data breach prompts New Zealand privacy-penalty rethink

By Laurel Henning ( May 25, 2023, 06:53 GMT | Comment) -- The cyberattack on financial services company Latitude Financial has highlighted a weak point in New Zealand privacy law — a lack of civil privacy penalties. While individuals in New Zealand can pursue compensation through the country’s privacy watchdog, and agencies can face criminal offences with fines of up to $6,000 for failing to report a serious breach, that’s where the fines stop. Now, with the Latitude breach affecting 20 percent of New Zealand’s population, the country’s privacy regulator is on a mission to see civil penalties introduced that would be commensurate with national consumer law.The cyberattack on Latitude Financial is the largest in New Zealand’s history, affecting 20 percent of the population and prompting a joint investigation by Australian and New Zealand privacy regulators....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections