Perth Mint Data Breach

Perth Mint Data Breach

Another severe data breach occurred for the Perth Mint. The information that was stolen, during the breach, compromised of names, addresses, passport and bank account details. The private information was stolen through one of the mint’s third-party providers.

The Perth Mint is Australia’s largest fully integrated, innovative precious metals enterprise, providing premium gold, silver and platinum products and services to markets throughout the world. Issuing an array of bullion and collectable legal tender coins, bars and medallions each year.

Perth Mint CEO Richard Hayes said “We identified the potential breach on Wednesday this week and immediately began a comprehensive forensic investigation to verify the nature and extent of the breach.”

The CEO stated, “We are working with the external third-party provider to understand how this breach occurred and have taken steps to remediate the identified threat.”

The breach affected 13 customers that were using the Mint’s Online Depository, a platform which allows users to buy and sell gold and other precious metals through a secure online portal.

The Mint went on to notify the breach to the Western Australian Police, Australian Federal Police, the Office of the Australian Information Commissioner and the 13 customers affected.

Perth Mint CEO Richard Hayes said, “There are only 13 customers that have been affected and we are providing support and advice to those customers to ensure that their information is not used or misused in any way.”

The Mint is confident that none of the personal data stolen consisted of their Depository online investors or customers.

Hayes said, “We are very disappointed that it has happened.”

As one of Western Australia’s largest exporters, the mint distributes some $18 billion worth of pure gold, silver and platinum bullion bars and coins to investors in more than 100 countries annually.

The Perth Mint opened in 1899 in response to the discovery of rich gold deposits in Coolgardie and Kalgoorlie. It was Australia’s third branch of Britain’s Royal Mint – the others being the Sydney Mint and the Melbourne Mint (both closed). Ownership was transferred to the Government of Western Australia on the 1st of July 1970.

Therefore a breach affecting a vital company such as the Perth Mint is another example of how crucial the new Mandatory Data Breach Notification laws are.

 

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