Skip to main content
New Financial Assistance Hub

Optus data-sharing to help protect customers

Optus data-sharing to help protect customers

6 October 2022

Australian banks welcome the Federal Government’s decision to allow Optus to share government identity information compromised in the Optus data breach.

Banks will be able to request and use the information in their ongoing efforts to fight financial crime.

Since the Optus data breach became public, banks have focused on the potential for the data to be used to perpetuate frauds, scams and other illegal activities.

“The whole industry has worked closely with the Australian Government to make today’s regulations possible.”

ABA Chair & CEO Westpac, Peter King

The Federal Government’s action is a timely and valuable measure that will contribute to banks’ efforts.

Banks invest heavily in systems to protect customers and the financial system, including significant investment towards building resilience including against frauds and scams.

Chair of the Australian Banking Association and CEO of Westpac, Peter King said, “The whole industry has worked closely with the Australian Government to make today’s regulations possible.”

He added, “The data-sharing will help us to combat fraud and scams, keep customers safe, and limit the long-term risks presented by the Optus data breach.”

“It’s important that customers remain on the lookout for scammers in the wake of the Optus data breach,” he said.

Bank customers are encouraged to:

  • Look out for any suspicious or unexpected activity across your online accounts, including your telco, bank and utilities accounts. Make sure to report any suspicious activity in your bank account immediately to your financial institution;
  • Do not click on any links in any email or SMS claiming to be from Optus;
  • If someone calls claiming to be from Optus, police, bank or another organisation and offers to help you with the data breach, consider hanging up and contacting the organisation on its official contact details. This can be a scammer calling using your personal information.
  • Never click on any links that look suspicious and never provide your passwords, your bank’s one time pins, or any personal or financial information, and.
  • If people call posing as a credible organisation and request access to your computer, always say no.

Customers of Optus are encouraged to visit their website for latest updates and advice on replacing identification documents.

Protect yourself by using PayID

Latest news

1 / 3
Anna Bligh doorstop on Government response to mortgage and deposits reforms
15 June 2024

Journalist: The question I have is, are these regulations actually necessary, because my understanding is that a lot of banks already disclose this information?  Anna Bligh: These changes will mean more consistency for customers. Many banks are already doing a number of these things to make it easier for customers to get information. If these… Read more »

Read more
Media Releases
Older Australians reminded to stay financially safe this World Elder Abuse Awareness Day
15 June 2024

With it being World Elder Abuse Awareness Day, the Australian Banking Association (ABA) is reminding older Australians about how they can better protect themselves from scams, fraud and financial abuse.

Read more
Press conference on the expansion of the AFCX scams intelligence loop
13 June 2024

Stephen Jones, Assistant Treasurer and Minister for Financial Services: Good morning everybody, how are we going? Good to speak with you. Great to be here this morning, an exciting accountment. As you know the Albanese government has made a priority fighting scammers and ensuring that we can keep Australian’s money safe. From coming into government… Read more »

Read more