Australia's Latitude Group slumps to record low as trading resumes after cyber attack

Latitude group

22/03/2023 01:03

** Shares of fintech firm Latitude Group Holdings  LFS.AX 
tumble as much as 16.2% to an all-time low of A$1.010
    ** LFS resumes trading after reporting data breach last week
    ** Personal information, mostly drivers' licence copies or
licence numbers, of 328,000 customers and applicants was stolen
in the data breach
    ** Co now says it has found further evidence of large-scale
data theft affecting former and current customers across
Australia and New Zealand
    ** Earlier this week, LFS took its platforms offline and
said the Federal Police was investigating the cyber attack
    ** Trading volumes over 3 times the 30-day average of 65,728
shares
    ** As of last close, stock down 7.7% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))