Telco Singtel Optus has set aside $140 million for costs associated with the catastrophic breach it announced in September, with the company announcing this as part of its half-year results on Thursday.
One reason why a company like Singtel Optus can leak customer data in a breach that is, by all accounts, its own fault and then avoid being held to account is because of the media's fawning coverage.
Telco Singtel Optus has indicated that it will pay only the administrative costs incurred by VicRoads in issuing new licences — and not the costs of the licences themselves — to the hundreds of thousands affected by the disastrous data leak suffered by the company.
When even National Party MP Barnaby Joyce, not a politician known for his technological nous, seems to know the Optus attack was not in any way sophisticated, then the telco really does have a big problem.
Did Optus suffer another data breach before the big leak, one that has gone generally unmentioned and unnoticed? At least one security professional who has been closely following the incidents at the telco appears to think so.
One wonders what exactly drove Optus chief executive Kelly Bayer Rosmarin to front a media session last Friday, in a bid to spin her way through a damaging development at the telco.
Prime Minister Anthony Albanese has told Optus that it must pay the costs for customers who want to replace their passports if their data was caught up in the breach that the telco announced last Thursday.
Both sides of politics are putting pressure on Optus chief executive Kelly Bayer Rosmarin to step down over her handling of the data breach which the company made public last Thursday.
Optus has informed me that my personal data has been disclosed in its data breach – data which was submitted to the company last year to obtain a SIM in order to test the company's 5G services for a smartphone review.
A second lot of data claimed to be from Optus has been advertised for sale on a Web forum, with 100 sample records being linked to as proof that it is genuine.
Australia's second largest telecommunications provider Singtel Optus has revealed its customers' data has been possibly accessed in a network attack.
Telecommunications company Optus has appointed former professional tennis player Ash Barty as its chief of inspiration.
Telstra's announcement on Wednesday that chief financial officer Vicki Brady would replace chief executive Andrew Penn indicates that there will be no changes to the company's direction in the near future, independent telecommunications consultant Paul Budde says.
Two companies, Optus and Telstra, have won spectrum in the Australian Communications and Media Authority’s (ACMA) latest spectrum auction.
Optus’ parent company Singtel has entered into an agreement to sell a 70% stake in Australia Tower Network (ATN), a wholly-owned subsidiary which operates Optus’ passive telecommunications tower infrastructure, to AustralianSuper.
Businesses are constantly transforming in the marketplace, competing, serving customers, disrupting, being disrupted and evolving with new products and services on a regular basis, with countrywide modern telcos no exception.
Optus has completed its purchase of amaysim’s mobile business with its 1.2 million subscribers for $250 million.
Optus has switched on 5G at Perth’s Optus stadium, giving sports and concert viewing fans 5G connectivity throughout key areas of the stadium.
Telco Singtel Optus will go ahead with plans to sell 70% of its "passive" towers, which are estimated to be worth $2 billion, to help pay for its rollout of 5G infrastructure.
Singtel Optus has suffered a loss of $27 million for the first six months of its 2020-21 financial year, with the telco saying the outcome was the result of what it characterised as a challenging period.
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