🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

RPT-Chinese contractor for Australia's AMP charged with stealing customer data

Published 07/02/2019, 11:53 am
Updated 07/02/2019, 12:00 pm
© Reuters.  RPT-Chinese contractor for Australia's AMP charged with stealing customer data
AMP
-

(Repeats to additional subscribers, no change to text)

SYDNEY, Feb 7 (Reuters) - A Chinese contractor for Australian financial planner AMP Ltd AMP.AX was charged with stealing the confidential data of 20 of its customers, police and the company said on Thursday.

The man, named by authorities as Yi Zheng, 28, pleaded guilty to the offence in a Sydney court on Thursday, the Australian Associated Press reported.

New South Wales state police said they began investigating the breach after AMP's cybersecurity staff noticed suspicious activity on the company network in December.

The investigation led them to Yi, who had downloaded 23 identity-related documents belonging to 20 customers and sent them to his personal email account, police said.

Yi was arrested as he tried to board a flight to China on Jan. 17, police said, adding that they seized mobile phones, SIM cards, a laptop, and other electronic storage devices from his luggage.

He was charged "with possess identity info to commit indictable offence", police said, without saying what the man planned to do with the customer information.

"Identity information is an extremely valuable commodity on the black market and dark web, and anyone – whether an individual or business – who stores this data needs to ensure it is protected," New South Wales Cybercrime Squad Commander, Detective Superintendent Matt Craft, said in a statement.

An AMP spokeswoman said the data breach involved a small amount of customer information and there was no evidence the data was further compromised.

The company had contacted all affected customers, put extra security controls in place for those customers, and notified the relevant regulators.

Yi's lawyer did not immediately respond to a request for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.