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Visa’s Data Breach of ISX Customer Data, page-162

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Bananasphinx

699 Posts.

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19/08/20

19:47

Post #: 46668125
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Originally posted by aniesbaswedan: ↑

What I think you all need to understand is that it doesn't matter what yours and ISX's perspectives are, they really don't. If the flow chart that was provided by itzgr82balive is to be believed then it seems that ASIC had exercised its power to demand the information from VISA. VISA was then obligated to make available the information. So if that was the case then where exactly has the breach occurred? Because the only way, that I can think of, that a breach could have occurred is if ASIC did not have the power to demand the information. We all know that ASIC has the power, so I think whether ISX had given any consent or not was completely irrelevant. The information was given by VISA to ASIC. That is the current situation. Now if ISX objects to that then ISX should either pursue ASIC or alternatively, VISA, for damages. I doubt ISX would go with either. By the way, in case you forgot, ASIC shared the information with the ASX. Why do you all think that is?

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could lodging complaints in three countries be considered the first step in persuing for damages?

ISX Price at posting: $1.07 Sentiment: Hold Disclosure: Held
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