A vicious cycle that no one can seem to break free of once they are looped in, we have seen how ransomware shattered Medibank last year. Refusing to pay, it ended up having to lifelessly see the hackers releasing private customer medical records to the dark web. Unfortunately, history has repeated itself, this time upon
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The avalanche of cyber attacks has been a trending topic in Australia in the past year, making businesses increasingly vigilant.Not even giant corporations like Optus and Medibank, have immune to it. Unfortunately it happened again, with financial services provider Latitude Financial (ASX: LFS) making it into the headline this time. The Company has detected unusual
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It’s confirmed- and whilst it doesn’t have the same scoop-your-jaw-off-the-floor effect as Afterpay’s (ASX: APT) $39 billion takeover from Square, Aussie grown BNPL Humm’s (ASX:HUM) consumer lending division is being acquired by Latitude Group (ASX: LFS). The deal is expected to bring $55 million in annual synergies for Latitude which are anticipated to be fully
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Australia’s OG buy-now-pay-later business is set to be cashed out at a high as the sector undergoes a consolidation phase with Humm Group (ASX: HUM) having been tapped on the shoulder by Latitude (ASX: LFS) for its consumer finance business to the tune of a $335 million offer. The offer comes in the form of
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The somewhat hyped IPO of Latitude Financial Group, which would have been the biggest of 2019, has been pulled from listing after various attempts to encourage brokers and investors to participate in the float. The news comes just one day after lead managers for the IPO contacted prospective investors forewarning that demand for shares in
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