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The incident comes at a time when Medibank is dealing with the fallout of a cyber incident it faced in October, where data of about 9.7 million of its current and former customers was compromised.
SYDNEY (Reuters) -Australia's privacy regulator said on Wednesday it had filed a lawsuit against the country's biggest health insurer Medibank over a data breach that exposed personal information ...
Medibank has urged its customers to be on high alert after cybercriminals began leaking sensitive medical records stolen from the Australian health insurance giant. A ransomware group with ties to ...
It is estimated that the average cost of a data breach will be over $150 million by 2020, with the global annual cost forecast to be $2.1 trillion. [ 2 ] [ 3 ] As a result of data breaches, it is estimated that in first half of 2018 alone, about 4.5 billion records were exposed. [ 4 ]
Earlier in the week, the country's banking regulator told Medibank to set aside A$250 million ($165.30 million) in extra capital, something analysts believe will affect the firm's ability to pay ...
Medibank began as an Australian Government private health insurance scheme, established by the Whitlam government in 1975 through the Health Insurance Commission. [4] In its original form, it was a universal health insurance programme funded through taxation, that also ensured free treatment at public hospitals and provided subsidies to private hospitals.
The incident follows a breach late last month at Optus, Australia's second-largest telecoms provider, which compromised data of up to 10 million customers and triggered an overhaul of consumer ...
Home Affairs and Cyber Security Minister Clare O'Neil said Optus was at fault for the attack, refuting Optus's argument the attack was complicated. O'Neil also stated the attack should not have happened, stating: "Responsibility for the security breach rests with Optus[,] and I want to note that the breach is of a nature that we should not expect to see in a large telecommunications provider ...