Commbank data loss: Non-disclosure was pretty reasonable

Life is not like the movies - you can't plug in a tape and expect to see data

ANALYSIS "Australia's Largest Bank Lost The Personal Financial Histories Of 12 Million Customers" screams the headline at Buzzfeed. It's a great story: the Commonwealth Bank (CBA) can't say with 100 per cent certainty that two tapes containing millions of unencrypted customer records were securely destroyed. The Bank told the relevant authorities about the leak in 2016, and they were okay for it to remain secret."