Oct 6 (Reuters) – Australian prudential regulator mentioned on Thursday it would collaborate with the federal government and different regulatory our bodies for “managed course of” of information sharing between its regulated entities and Singapore Telecommunications’ (STEL.SI) unit Optus.
The transfer comes weeks after Optus, the nation’s second-largest cellular operator, confronted an enormous cyberattack that compromised knowledge of as much as 10 million prospects.
The cyberattack, which was adopted by an information breach within the nation’s largest telecoms agency Telstra Corp Ltd (TLS.AX) earlier this week, served as a wake-up name for regulators and lawmakers to beef up cyber defences.
Earlier within the day, Australia proposed an overhaul of shopper privateness guidelines, together with modifications that may permit telcos to share government-issued identification paperwork with banks.
The modifications will permit telcos to implement enhanced monitoring for patrons affected by knowledge breach, along with fraud detection within the broader monetary companies sector.
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Reporting by Upasana Singh in Bengaluru; Enhancing by Sherry Jacob-Phillips
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