Australia proposes changes to its consumer privacy rules post the Optus hack, enabling telcos to share IDs with banks for better monitoring during data breaches (Renju Jose/Reuters)

Angus Whitley / Bloomberg:
As the Optus hacker appears to release data of 10,000 customers, Optus CEO Kelly Bayer Rosmarin says the Australian police are investigating a ransom demand  —  Australian mobile-phone company Optus said authorities are investigating an online ransom demand following a major data hack …

Josh Taylor / The Guardian:
Australian telco Optus, which has suffered a massive cyberattack, has repeatedly opposed changes to privacy laws to give customers more rights over their data  —  In its submission to Privacy Act review telco said giving people right to erase personal data would involve ‘significant’ hurdles and costs

Thomas Seal / Bloomberg:
UK’s Ofcom proposes changes to net neutrality rules carried over from the EU to give ISPs more flexibility, like offering deals on latency and other parameters  —  UK regulator Ofcom proposed changes to net neutrality rules carried over from the European Union to give telecommunications and internet providers more flexibility.

Angus Whitley / Bloomberg:
Experts say the Optus hack could cost parent Singtel $420M to $560M for the 2.8M worst-affected customers; Singtel made $1.44B in profit in its fiscal year 2022  —  The cost for Singapore Telecommunications Ltd. to make good customers exposed to one of Australia’s worst data breaches risks wiping …

Alice Uribe / Wall Street Journal:
Australian telecom Optus suffers a cyberattack, potentially giving the hacker access to data on up to 9.8M customers, per the CEO; the police are investigating  —  Australian telecoms company says mass breach could have exposed birth dates, phone numbers and other personal data

Shaurya Malwa / CoinDesk:
Facing a large deficit in its treasury, DeFi protocol Sushi proposes diverting fees from the Kanpai protocol and reduces its runway requirement from $9M to $5M  —  Developers proposed to divert 100% of fees generated on the platform to Sushi’s multisig for one year or until new tokenomics are implemented.