Wednesday 13th March 2019
|Text too small?|
Kathmandu Holdings is investigating a data security breach on one of its websites that lasted for about a month.
The outdoor equipment chain said it recently became aware that an unidentified third party gained access to its website platform between Jan. 8 and Feb. 12, and may have captured customer personal information and payment details. The retailer is notifying customers it believes may have been affected, and is in the process of telling the relevant legal and privacy authorities.
Since discovering the breach, Kathmandu said it's confirmed the online store remains secure and that the wider IT network hasn't been impacted. The shares fell 0.8 percent to $2.42.
"Whilst the independent forensic investigation is ongoing, we are notifying customers and relevant authorities as soon as practicable," chief executive Xavier Simonet said in a statement. "As a company, Kathmandu takes the privacy of customer data extremely seriously and we unreservedly apologise to any customers who may have been impacted."
Kathmandu's admission comes the same day Parliament's justice select committee reported back on the Privacy Bill, which will update legislation governing data breaches and empowers the Privacy Commissioner to issue compliance notices when the new law is enacted.
Among the changes in the report, the committee, chaired by Labour MP Raymond Huo, decided to raise the threshold needed for a notifiable privacy breach to one where it's likely to cause serious harm rather than harm.
No comments yet
U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
21st February 2020 Morning Report
Tech Leads Stocks Lower on Virus Fears; Gold Gains
NZ dollar falls on disappointment over Chinese stimulus
Qantas Axes Flights Across Asia as Virus Scares Off Flyers
Some of China's Top Suppliers Are Readying for a Virus Rebound
Plexure signs contract with Super Indo
20th February 2020 Morning Report
Stocks Reach Record Highs After China’s Moves, Fed
Gold breaks through $1,600