Australia’s leading cyber-spies have joined the hunt for hackers who broke into Telstra’s Asian subsidiary Pacnet in an attack affecting thousands of customers including The Australian Federal Police, Department of Foreign Affairs and Trade and other government agencies.
Telstra on Wednesday revealed that an unknown third-party had gained complete access to Pacnet’s corporate network including emails and other administrative systems in early April 2015.
Like Target, Home Depot knows all too well that the true cost of a payments data breach won’t be known until long after the dust from the cyberattack settles.
While Home Depot’s earnings are on the mend, as the retailer posted a better than expected first quarter earnings, the lingering expenses from the breach will likely be a sore spot for the retailer. In Q1 alone, Home Depot shelled out $7 million in breach-related expenses, the company said during a Tuesday (May 19) first- quarter earnings call. That figure, however, is just a sliver of the breach bucket figure so far, as Home Depot announced in the company’s fourth-quarter 2014 earnings that it had spent roughly $33 million for data breach costs. But that was just 2014 figures, and 2015 should bring more breach-related expenses as more suits get filed against the retailer.
Drivers are making video chats, taking selfies behind the wheel