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Financial News

Back in March 2022, information about 5 million South Africans was hacked from TransUnion.

At the time TransUnion refused to pay the R224 Million ransom demand from the hackers.

2 Years later the Information Regulator has completed an investigation into the event and issued an enforcement notice to TransUnion and told them they need to: (1) jack up security (2) do an internal audit and (3) do an impact assessment.

TransUnion have a few weeks to get that in place and are probably happy that they got some homework and were not hit by a big fine.