Company Scrutinized for Unreported Breach
DATA LOSS—AUSTRALIAOctober 19, 2011
The Sydney Morning Herald reports on a security breach at fund management company First State Super and the reaction of customers who were reportedly not notified of the incident. The event came to light when a security consultant attempted to warn the company of a flaw in its system that allowed access to sensitive customer data. Of its 770,000 customers, the company warned approximately 500 individuals whose information was accessed by the consultant. Acting New South Wales Privacy Commissioner John McAteer said the incident highlights the need for data breach notification legislation. Australian Privacy Commissioner Timothy Pilgrim has announced that he is opening an "own motion investigation" into the company.