As Latitude Financial investigates last month's cyber breach, more customers are being emailed about their personal data being compromised — even if they never signed up for a Latitude product.
Their current CEO is Bob Belan, who took over from Ahmed Fahour earlier this month. Mr Fahour was at the helm since 2018, and was a previous boss of Australia Post.
That figure has since increased to 14 million customer records — including 7.9 million drivers licences.How long has Latitude Financial existed for?To understand Latitude's history, we need to go back to 1925 when the Australian Guarantee Corporation was founded.Fast forward to 1957 and the Bank of New South Wales bought 40 per cent of ACG and slowly increased its stake in the business over the years until Westpac bought the company entirely in 1988.
Then in 2015, GE Money sold its Australian financial services business entirely to a group of investors from by Deutsche Bank, KKR and Värde Partners for $8.2 billion.
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