Australia's Bendigo Bank faces $5.6m fine over breaches linked to 2023 cyberattack
( August 11, 2026, 02:08 GMT | Official Statement) -- MLex Summary: Australia’s Bendigo and Adelaide Bank is facing a proposed A$8 million ($5.6 million) penalty after admitting breaches of the Banking Executive Accountability Regime linked to a 2023 cyberattack on its Alliance Bank business. In a statement on Tuesday, the Australian Prudential Regulation Authority said it had launched proceedings in the Federal Court after Bendigo admitted failures involving customer-authentication controls, systematic testing, information-security governance and the allocation of responsibility to accountable persons. The regulator said that the cyberattack resulted in access to about 257 customer accounts and 286 unauthorized transactions worth about A$490,000.Statement follows. Court documents are attached....
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