$SINGTEL(Z74.SI)$ once again finds itself unwittingly being thrust into the spotlight.
Late last month, the telco’s Australian subsidiary, Optus, reported that hackers had accessed and stolen the personal information of around 9.8 million customers, or around a third of Australia’s population.
Around 2.8 million of them had lost details of passports, driver’s licences and government-issued identity card numbers, potentially compromising their security and opening them up to large-scale fraud.
Since this news was released, Singtel has seen its share price slump to a three-month low of S$2.49.
The blue-chip telco has to contend with the negative fallout from the news and is assessing the situation to determine its legal and financial exposure.
This was a month ago, and there's been no news since.
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