Medibank hit with $250M penalty for cyber breach
Insurer Medibank has been thwacked with a $250 million capital charge following last year’s massive data breach.
Insurer Medibank has been thwacked with a $250 million capital charge following last year’s massive data breach.
Law firm Slater and Gordon have issued proceedings against Medibank for its October 2022 data breach that affected 9.7 million current and former customers.
Credentials stolen from an IT service provider were used to hack into Medibank’s systems, the insurance provider has revealed.
The Australian Prudential Regulation Authority (APRA) has flouted tighter cyber security controls for regulated industries following the Medibank breach.
The Australian Federal Police has claimed the main culprits behind Medibank’s breach that exposed millions of customers’ data are located in Russia.
Medibank has confirmed it has no cyber insurance following a breach that has seen cyber criminals access all of its 3.9 million customers' personal data.
Medibank has unveiled a “distressing development” in its cyber hack investigation as criminals claim to have 1,000 ahm records of personal and health data.
Cyber criminals have stolen 200 gigabytes of sensitive information, including medical details, from the private health insurer Medibank.
Health insurance company Medibank has become the latest Australian victim of cyber attackers after discovering “unusual activity” on its systems.
Telstra has invested in Cloud software company, Panviva, in yet another expansion of its Cloud and services portfolio.
Medibank has deployed the Ipswitch MOVEit Managed File Transfer (MFT) system to secure the transfer and storage of its confidential policy records for 3.8 million members.
Private health insurance and solutions provider, Medibank, has signed a deal to deploy HP Software to enhance service availability for its online member services platform and smartphone application.