Commonwealth Bank and ASIC to settle interest rate-rigging case

Commonwealth Bank and ASIC to settle interest rate-rigging case

Updated May 09, 2018 09:58:04 Photo: As part of the in-principle settlement, CBA will admit that it engaged in unconscionable conduct. (ABC News: Nic MacBean, file photo) Commonwealth Bank has agreed to pay $25 million to settle an interest rate rigging case brought by ASIC. As part of the in-principle …

Commonwealth Bank: information watchdog ‘dropped the ball’ over huge data loss | Australia news

Australia’s information commissioner has “dropped the ball” by not reacting to the loss of data from 19m Commonwealth Bank customer accounts privacy campaigners have said. Kat Lane, the vice chair of the Australian Privacy Foundation, has criticised the Office of the Australian Information Commissioner (OAIC) after it failed to tell …

Coalition berates Commonwealth Bank over failure to notify customers after data breach | Australia news

Christian Porter has lambasted the Commonwealth Bank (CBA) for failing to notify its customers of a data breach in which it lost backup tapes with details of almost 20 million accounts spanning 15 years. Although the incident occurred in 2016, before new laws that require mandatory reporting for serious breaches, …

Commonwealth Bank: Here’s what you should know about the data breach if you’re a customer

Commonwealth Bank: Here’s what you should know about the data breach if you’re a customer

Posted May 03, 2018 16:36:59 The Commonwealth Bank has confirmed it doesn’t know what happened to two magnetic tapes that had been scheduled to be destroyed — and that it’s known about this without telling customers since 2016. It’s a big deal because those tapes included information from 19.8 million …

Morning mail: Commonwealth Bank loses data for 20m accounts | Australia news

Good morning, this is Eleanor Ainge Roy bringing you the main stories and must-reads on Thursday 3 May. Top stories The Commonwealth Bank has admitted losing backup data on more than 15 years of customer statements, affecting almost 20 million accounts. The statements, stored on magnetic tapes, contained customers’ names, …

Commonwealth Bank confirms loss of nearly 20 million customers’ financial statements

Commonwealth Bank confirms loss of nearly 20 million customers’ financial statements

Updated May 02, 2018 22:56:39 The Commonwealth Bank has confirmed it lost the historical financial statements of nearly 20 million accounts but insists its customers’ information has not been compromised. The statements, containing customers’ names, addresses, account numbers and transaction details from 2000 to 2016, were stored on two magnetic …

APRA talks tough but feathers the Commonwealth Bank with light touch penalties

APRA talks tough but feathers the Commonwealth Bank with light touch penalties

Updated May 01, 2018 14:44:36 Is there anything here we didn’t already know? Complacency and complexity, arrogant and insular, a culture that allowed bank executives to operate without fear of penalty. Strong words, indeed. For all the searing criticism, the irony of the Australian Prudential Regulatory Authority’s report into the …

Callum Hawkins asked paramedics if he won gold after collapsing at Commonwealth Games

Callum Hawkins asked paramedics if he won gold after collapsing at Commonwealth Games

Posted April 26, 2018 19:16:51 Photo: Callum Hawkins remembers little about collapsing while on the cusp of winning the gold medal. (AAP: Tracey Nearmy) Scottish athlete Callum Hawkins has revealed he asked paramedics if he had won the Commonwealth Games marathon as he was taken to hospital in a distressed …

Queen’s ‘sincere wish’ that Prince Charles lead the Commonwealth ‘one day’

Queen’s ‘sincere wish’ that Prince Charles lead the Commonwealth ‘one day’

Updated April 20, 2018 10:20:27 Video: This year was likely to be Her Majesty’s final CHOGM meeting. (Photo: AP/Dominic Lipinski) (ABC News) Related Story: The battle starts to name the Queen’s Commonwealth successor Related Story: ‘It’s not in our culture’: Vanuatu PM assures Turnbull there will be no Chinese military …

Republicans ‘disappointed’ Turnbull didn’t oppose Prince Charles becoming Commonwealth head

Republicans ‘disappointed’ Turnbull didn’t oppose Prince Charles becoming Commonwealth head

Posted April 21, 2018 08:55:06 Photo: Malcolm Turnbull has been a high-profile advocate of installing an Australian head of state. (AP: Victoria Jones) British republicans say they are “disappointed” Australian Prime Minister Malcolm Turnbull did not try to stop the Prince of Wales from being anointed as the next head …