ANALYSIS The Federal Government needs to take a serious look at beefing up its law on data breaches considering the way in which companies refuse to divulge whether their clients data is at risk, with a prime case being Australian money management firm MyBudget.
Week two of the Australian money management firm MyBudget's outage is coming to an end and there appears to be no end in sight to the company's woes, with the latest update, issued on Thursday night, informing world+dog that some of its client care members will be working on Saturday. Today (Friday) is the 13th day of the outage.
As Australian money management firm MyBudget enters the 11th day of an outage with its customer web portal still unaccessible, it's beginning to look like the company has an additional problem: poor communication. The outage has been blamed on unspecified ransomware.
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