What an interesting twist to this saga!
The fact Visa formally notified ISX indicates to me it has done its investigations, believes a breach has occurred and is now starting to take remedial measures. The GPDR is not a joke, and an organization the size of Visa breaching its GPDR obligations is a very serious issue due to its size and global reach. It will be interesting to see if the data was requested legally as per the GPDR Act (since there are usually some clauses in these regulations) but what matters even more to me is the media coverage it is likely to generate.
Some of the key issues the real media (not the dodgy AFR mob) will be digging into are: who requested the information, why it was requested, and why was it manually transferred? And from these answers, more questions will follow.
In fact, I like the fact ABN newswire is now being used by ISX to bypass the ASX censorship:
https://media.abnnewswire.net/media/en/docs/101947-ASX-ISX-20200817.pdf
Investors will now start to see the double standard the ASX has been playing here.
For me the key standouts are:
Considering these will mainly be EU entities, who don't joke with personal information and would want to be significantly (if not outrageously
) compensated if breached, I think this saga has just grown bigger than what the ASX censorship can continue to suppress.
