Mortgage lender Firstmac falls victim to cyber breach after major ransomware attack involving 500GB-plus data leak

Firstmac, a Brisbane-based mortgage lender, revealed a data breach exposing customer personal details after a ransomware attack on its IT system. The incident is under investigation, but customer loan accounts and funds are not believed to be threatened. However, customers’ identity documents, bank details and personal information may have been compromised. The breach follows a cyber attack earlier this month by ransomware gang EMBARGO. The frequency and severity of cybercrime in Australia is increasing, prompting expanded government measures and funding.