[SYDNEY] Australia’s troubled Commonwealth Bank admitted Thursday it has lost financial records for almost 20 million customers in a major security blunder – but insisted there was no need to worry.
The nation’s biggest company said it cannot find two magnetic data tapes that stored names, addresses, account numbers and transaction details from 2000 to 2016.
National broadcaster ABC said the records were supposed to have been destroyed by a sub-contractor after the decommissioning of a data centre, but the bank never received documentation to confirm this happened.
Source: THE BUSINESS TIMES
