Major bank hit by largest cyber attack in Australian history

One of Australia's largest retail banks has confirmed it is the target of what authorities are calling the most significant cyber attack ever recorded against an Australian financial institution. Initial assessments suggest that the personal data of several million customers may have been compromised.

The bank has activated emergency response protocols, taken several customer-facing systems offline, and is working with federal cybersecurity agencies to assess the full scope of the breach.

Affected customers are being contacted directly, with the bank pledging full identity protection services and reimbursement for any fraudulent activity stemming from the attack.