(Bloomberg) -- A second Australian business owned by Singapore Telecommunications Ltd. suffered a cyberattack, compounding the data-security crisis at the company following the huge data breach at mobile-phone operator Optus. Most Read from Bloomberg Ukraine Latest: Putin Calls Security Meeting, Comments on Bridge Russia Races to Reopen Crimea Bridge Damaged in Fiery Blast Putin Orders Sakhalin-1 Project Transferred to Russian Entity Eight Years of Combat Hardened Ukraine’s Army Into a Fighting Force A hack on technology consulting company Dialog, which SingTel bought earlier this year, may have accessed data on fewer than 20 clients and 1,000 current and former staff, according to a Dialog statement issued by SingTel on Monday. Dialog found out on Oct. 7 that a “very small sample” of its data, including personal employee information, had been published on the so-called Dark Web. The attack itself took place almost a month earlier, on Sept. 10. A second hack at a SingTel-owned business raises questions about cybersecurity at the broader group, the timeliness of breach disclosures, and whether the Singapore parent is being deliberately targeted. Another Australian subsidiary of SingTel, Optus, last month revealed a vast security breach had exposed details of 9.8 million former and current customers in one of the country’s biggest-ever hacks. More than 2 million people had identity document numbers compromised, triggering concerns about widescale financial fraud. Read more: Giant Optus Hack May Swallow a Quarter of Singtel Profits A subsidiary of SingTel, NCS, announced the acquisition of Dialog in March for A$325 million ($207 million). Dialog’s systems are completely independent from those of SingTel, NCS and Optus, and there’s no evidence that the two recent incidents are linked, SingTel said. According to Dialog’s website, the firm’s clients include some of Australia’s biggest and best-known companies. They include National Australia Bank Ltd. and airline Virgin Australia, as well as several state and federal government departments. “We are doing our utmost to address the situation and, as a precaution, we are actively engaging with potentially impacted stakeholders to share information, support and advice,” Dialog said in its statement. The hacks threaten to become an expensive lapse for the Singapore company. Optus is already paying for replacement drivers licenses and passports, and total costs including bills and fines could stretch into hundreds of millions of dollars, according to some estimates. Most Read from Bloomberg Businessweek Hackers Target Eager Homebuyers With a Dumb Scam That Keeps Working Even After $100 Billion, Self-Driving Cars Are Going Nowhere The Massive Gas Field That Europe Can’t Use ‘I Am Energy’: Inside the Bang Billionaire’s Reeling Empire ©2022 Bloomberg L.P.
Hackers Target SingTel’s Dialog Unit After Huge Optus Breach
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more
Start Your Free Trial Now!Download Free Report – Explore 3 Stock Ideas & Industry Insights
Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.
All investments involve risk—consider independent advice before making any investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...