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Data breach to cost property valuation firm $5 million


Australia-based property valuation firm LandMark White Ltd. said that a recent data breach is likely to cost the company around $7 million Australia ($5 million) including loss of new business, IT News reported. LandMark White said that hackers stole 137,500 valuation records in January, forcing banks and property businesses to suspend the company from its suppliers' panel. The cyber attack also forced Chris Coonan, former chief executive of LandMark, to resign from his position in March.

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