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Optus Faces Federal Court Proceedings Over Privacy Breach Allegations

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Optus Faces Federal Court Proceedings Over Privacy Breach Allegations

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The latest announcement is out from Singtel ( (SG:Z74) ).

The Australian Information Commissioner has initiated Federal Court proceedings against Singtel Optus Pty Limited and Optus Systems Pty Limited for alleged breaches of the Privacy Act 1988 related to a cyberattack in September 2022. Optus is currently reviewing the claims and will respond in due course, with the Federal Court ultimately determining any penalties if a contravention is found.

The most recent analyst rating on (SG:Z74) stock is a Buy with a S$4.30 price target. To see the full list of analyst forecasts on Singtel stock, see the SG:Z74 Stock Forecast page.

More about Singtel

Singtel Optus is a prominent telecommunications company in Australia, providing a range of services including mobile, broadband, and digital solutions. The company is a key player in the Australian telecommunications industry, focusing on delivering innovative communication services to its customers.

Average Trading Volume: 23,289,952

Technical Sentiment Signal: Buy

Current Market Cap: S$66.02B

Find detailed analytics on Z74 stock on TipRanks’ Stock Analysis page.

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