Financial regulators are looking at a $500m hack into Australia’s largest banks, with more than a third of them hit by the breach.
Key points:Bank of America, Citigroup, Commonwealth Bank, ANZ, Westpac, Westfield, Commonwealth ReserveBank and Westernpac hit by cyber breachBank ofAmerica, Citibank, CommonwealthBank, ANGBC, Westbank, CommonwealthReserveBank and Westpac are among the major banks hit in the latest attackThe Australian Securities and Investments Commission (ASIC) said it was investigating the hack and it could be a matter for the Australian Securities Commission.
The Australian Federal Police said it could not confirm the details of the case.
But it said the bank had been in contact with the SEC, ASIC and the Federal Attorney-General’s Department.
“We can confirm the bank has been in direct communication with the Australian Federal Attorney General’s Department regarding the matter,” ASIC spokeswoman Jill MacKenzie said.
The ASIC said the banks had not been subject to any “malicious acts”.
“The Australian banks are currently reviewing the cyber incident and will provide further details in due course,” ASIC said in a statement.
Citibank was among the first banks to be hit, with about $150 million worth of customer data exposed.
It has been cooperating with regulators.
The Commonwealth Bank also was hit.
The ASIC said it had received reports of a second cyber breach of the same banks and was investigating.
Citi, Westernpac, ANS and Westfield were not named in the statement.
It said it would not be commenting further at this time.
“As part of the investigation, we are contacting the affected parties and sharing relevant information with the ASIC, ASX and the Australian Competition and Consumer Commission,” a spokesperson said.
Bank of Australia said it also did not name the affected banks in the announcement.
“The bank has confirmed that it is cooperating with the investigation and we will provide more details when we have them,” the bank said.
Topics:corporate-governance,corporate,internet-technology,cybercrime,internet,internetcrime-and-corporatecrime,online-commerce,technology,asset-secrets-andrey-mcconnell,internetworking,business-economics-and%E2%80%99growth,internetaustraliaContact Anna DysonMore stories from New South Wales