Latitude Financial Services Company Cyber Security Posture

latitudefinancial.com

Everyone has aspirations, and a goal that needs financing. However, sometimes dealing with money can leave you feeling a little overwhelmed. As Australiaโ€™s biggest non-bank lender, we want to change that. And we will. Latitude is an independent digital payments and finance company backed by decades of experience that combines start-up thinking with industry smarts. We believe in transparency over transactions, and lending to all Australians. But the biggest difference is that we want to partner with our customers. Weโ€™re the kind of people that commit to helping our customers shop and live better by championing good money habits. We want our customers to get that new car. Update their bathroom. Grow their business. Or, take the kids overseas for the first time and feel good about it. With over 2.4 million customers, Latitude believes in helping people from all walks of life prosper. So, let's work together; let's make great things happen. Latitude. Partners in money.

LFS Company Details

Linkedin ID:

latitude-financial-services

Employees number:

897 employees

Number of followers:

20150.0

NAICS:

52

Industry Type:

Financial Services

Homepage:

latitudefinancial.com

IP Addresses:

Scan still pending

Company ID:

LAT_1200581

Scan Status:

In-progress

AI scoreLFS Risk Score (AI oriented)

Between 800 and 900

This score is AI-generated and less favored by cyber insurers, who prefer the TPRM score.

Ailogo

Latitude Financial Services Company Scoring based on AI Models

Model NameDateDescriptionCurrent Score DifferenceScore
AVERAGE-Industry03-12-2025

This score represents the average cybersecurity rating of companies already scanned within the same industry. It provides a benchmark to compare an individual company's security posture against its industry peers.

N/A

Between 800 and 900

Latitude Financial Services Company Cyber Security News & History

Past Incidents
1
Attack Types
1
EntityTypeSeverityImpactSeenUrl IDDetailsView
Latitude Financial ServicesBreach100403/2023LAT2535623Link
Rankiteo Explanation :
Attack with significant impact with customers data leaks

Description: Latitude Financial Services (Latitude) suffered from a data breach incident that impacted 14 million customers. The Australian company disclosed that the attackers had stolen two of the company's service providers' passwords and used them to access Latitude's client data. The business declared that it would compensate consumers who decided to replace their stolen identification documents. They urge to customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts. they will never contact customers requesting their passwords.

Latitude Financial Services Company Subsidiaries

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Everyone has aspirations, and a goal that needs financing. However, sometimes dealing with money can leave you feeling a little overwhelmed. As Australiaโ€™s biggest non-bank lender, we want to change that. And we will. Latitude is an independent digital payments and finance company backed by decades of experience that combines start-up thinking with industry smarts. We believe in transparency over transactions, and lending to all Australians. But the biggest difference is that we want to partner with our customers. Weโ€™re the kind of people that commit to helping our customers shop and live better by championing good money habits. We want our customers to get that new car. Update their bathroom. Grow their business. Or, take the kids overseas for the first time and feel good about it. With over 2.4 million customers, Latitude believes in helping people from all walks of life prosper. So, let's work together; let's make great things happen. Latitude. Partners in money.

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LFS Cyber Security News

2024-11-15T04:38:45.000Z
Hackers Breach Australiaโ€™s Latitude Financial, Making off with 300,000 Customer Records, Including Driversโ€™ Licenses

The hackers allegedly managed to obtain employee login credentials, likely by socially-engineering an unsuspecting or distracted staffer, and used thatย ...

2025-01-14T08:00:00.000Z
Latitude Financial Reports $76 Million In Pre-Tax Costs After March Cyber Security Incident

In a recent disclosure, Latitude Financial, a leading financial services company, has reported a staggering $76 million in pre-tax costsย ...

2023-03-30T07:00:00.000Z
IOTW: Latitude Financial data breach affects 14 million people | Cyber Security Hub

Australian financial services company, Latitude Financial, has suffered a large-scale data breach that exposed the personal information forย ...

2024-07-25T14:11:31.000Z
Major Cyber Attacks Targeting the Finance Industry

This blog post will explore some of the most significant cybersecurity events affecting the financial sector, with a focus on incidents from 2023 through earlyย ...

2024-11-13T17:31:08.000Z
Latitude Financial data breach surpasses 14 million records; PII, driverโ€™s licenses and passport numbers hijacked by threat actors

The Latitude Financial data breach has passed 14 million exposed customers' records. According to the most recent cybersecurity incident update from theย ...

2023-03-30T07:00:00.000Z
DXC Technology says global network is not compromised following Latitude Financial breach

Soon after Latitude Financial revealed it suffered a cyber attack, DXC Technology quietly published a note on its website stating its globalย ...

2023-05-26T07:00:00.000Z
Latitude Financial Attack Costs Company Up to AU$105 Million

Australian consumer lender Latitude Financial Services anticipates its spring cybersecurity incident will cost it up to AU$105 million, whichย ...

2023-03-31T07:00:00.000Z
Data Breach of Financial Service Provider Latitude Jumps From 328,000 to 14 Million Records Stolen

Major non-bank financial service provider loses 14 million records. Latitude is the largest of the general non-bank financial service providersย ...

2025-03-18T07:00:00.000Z
Lessons on fintech breaches from the frontlines

Explore critical case studies of data breaches and ransomware incidents in the fintech sector. Learn about evolving cyber threats andย ...

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faq

Frequently Asked Questions

Explore insights on cybersecurity incidents, risk posture, and Rankiteo's assessments.

LFS CyberSecurity History Information

How many cyber incidents has LFS faced?

Total Incidents: According to Rankiteo, LFS has faced 1 incident in the past.

What types of cybersecurity incidents have occurred at LFS?

Incident Types: The types of cybersecurity incidents that have occurred incident Breach.

How does LFS detect and respond to cybersecurity incidents?

Detection and Response: The company detects and responds to cybersecurity incidents through communication strategy with Urged customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts..

Incident Details

Can you provide details on each incident?

Incident : Data Breach

Title: Latitude Financial Services Data Breach

Description: Latitude Financial Services (Latitude) suffered from a data breach incident that impacted 14 million customers. The Australian company disclosed that the attackers had stolen two of the company's service providers' passwords and used them to access Latitude's client data. The business declared that it would compensate consumers who decided to replace their stolen identification documents. They urge customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts. They will never contact customers requesting their passwords.

Type: Data Breach

Attack Vector: Compromised Service Providers' Passwords

Vulnerability Exploited: Stolen Passwords

What are the most common types of attacks the company has faced?

Common Attack Types: The most common types of attacks the company has faced is Breach.

How does the company identify the attack vectors used in incidents?

Identification of Attack Vectors: The company identifies the attack vectors used in incidents through Stolen Service Providers' Passwords.

Impact of the Incidents

What was the impact of each incident?

Incident : Data Breach LAT2535623

Data Compromised: Client Data

Identity Theft Risk: High

What types of data are most commonly compromised in incidents?

Commonly Compromised Data Types: The types of data most commonly compromised in incidents are Client Data.

Which entities were affected by each incident?

Incident : Data Breach LAT2535623

Entity Type: Financial Services

Industry: Finance

Location: Australia

Customers Affected: 14 million

Response to the Incidents

What measures were taken in response to each incident?

Incident : Data Breach LAT2535623

Communication Strategy: Urged customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts.

Data Breach Information

What type of data was compromised in each breach?

Incident : Data Breach LAT2535623

Type of Data Compromised: Client Data

Number of Records Exposed: 14 million

Investigation Status

How does the company communicate the status of incident investigations to stakeholders?

Communication of Investigation Status: The company communicates the status of incident investigations to stakeholders through was Urged customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts..

Stakeholder and Customer Advisories

Were there any advisories issued to stakeholders or customers for each incident?

Incident : Data Breach LAT2535623

Customer Advisories: Urged customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts.

What advisories does the company provide to stakeholders and customers following an incident?

Advisories Provided: The company provides the following advisories to stakeholders and customers following an incident: was Urged customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts..

Initial Access Broker

How did the initial access broker gain entry for each incident?

Incident : Data Breach LAT2535623

Entry Point: Stolen Service Providers' Passwords

Additional Questions

Impact of the Incidents

What was the most significant data compromised in an incident?

Most Significant Data Compromised: The most significant data compromised in an incident was Client Data.

Data Breach Information

What was the most sensitive data compromised in a breach?

Most Sensitive Data Compromised: The most sensitive data compromised in a breach was Client Data.

What was the number of records exposed in the most significant breach?

Number of Records Exposed in Most Significant Breach: The number of records exposed in the most significant breach was 14.0M.

Stakeholder and Customer Advisories

What was the most recent customer advisory issued?

Most Recent Customer Advisory: The most recent customer advisory issued was was an Urged customers to be vigilant and on the look-out for suspicious behaviour relating to their accounts.

Initial Access Broker

What was the most recent entry point used by an initial access broker?

Most Recent Entry Point: The most recent entry point used by an initial access broker was an Stolen Service Providers' Passwords.

What Do We Measure?

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Digital Assets

Every week, Rankiteo analyzes billions of signals to give organizations a sharper, faster view of emerging risks. With deeper, more actionable intelligence at their fingertips, security teams can outpace threat actors, respond instantly to Zero-Day attacks, and dramatically shrink their risk exposure window.

These are some of the factors we use to calculate the overall score:

Network Security

Identify exposed access points, detect misconfigured SSL certificates, and uncover vulnerabilities across the network infrastructure.

SBOM (Software Bill of Materials)

Gain visibility into the software components used within an organization to detect vulnerabilities, manage risk, and ensure supply chain security.

CMDB (Configuration Management Database)

Monitor and manage all IT assets and their configurations to ensure accurate, real-time visibility across the company's technology environment.

Threat Intelligence

Leverage real-time insights on active threats, malware campaigns, and emerging vulnerabilities to proactively defend against evolving cyberattacks.

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