Australia’s Telecom Giant Optus Avoids Ransom Demand as Attacker Reverses Course

An alleged cybercriminal leaked records on 10,000 customers of Australia’s telecom giant, Optus, then backed off its $1 million ransom demand. What is the takeaway for organizations tasked with protecting customers from identity fraud? Read this blog for a summary of the hack, its significance and steps being taken to remediate impact.