Latitude Financial Refuses to pay cyber attackers ransom
- The cyber group that infiltrated Latitude Financial (LFS) IT systems last month has demanded a ransom
- LFS refuses to pay the ransom, saying it will not reward criminal behaviour, nor does it believe paying will result in the return or destruction of the stolen information
- The stolen data detailed as part of the ransom threat is consistent with the number of affected customers disclosed by LFS, as the AFP continues its investigation
- Latitude’s CEO Bob Belan says the company is focused on safely restoring its IT systems, enhancing security protections and returning to normal operations
- LFS shares last traded at $1.25 at 1:41 pm AEST
