The Commonwealth Bank of Australia (CBA) will revamp its data management, retention policies, procedures and controls under a court-enforceable undertaking signed in the wake of two privacy incidents which placed nearly 20 million customer records at risk of exposure.

Prime Minister Scott Morrison has revealed Australia’s parliamentary email system was last month hacked by a “sophisticated state actor”.

The Monetary Authority of Singapore (MAS) has issued an urgent notice to financial institutions to bolster their customer verification processes in the wake of the SingHealth data breach.