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Bendigo Bank - 1,598 Accounts, One Password, and the $8 Million Bill That Arrived Three Years Later
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On 11 August 2026, Bendigo and Adelaide Bank accepted a proposed $8 million penalty over a March 2023 cyber attack on Service One Alliance Bank. The court documents contain a sentence worth reading twice: at the time the attack began, 1,598 customer accounts were protected by the password 123456.
The timeline. 2020: penetration testing identifies security weaknesses in the Alliance Bank environment. Not remediated. October 2022: a threat actor attempts brute-force login attacks and fails…
The skinny
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