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iTWire - APRA takes action against Medibank over October ransomware attack

Medibank Private will face an increase of $250 million in its capital adequacy requirement from 1 July, with the Australian Prudential and Regulation...

Australia , Suzanne-smith , David-koczkar , Medibank-cyber-response-support-program , Health-insurance-capital-framework , Private-health-insurance-capital , Security-strategy , Medibank-private , Apra , Ransomware , Private-health-insurance-capital-framework , Medical-insurer

Medibank Private hit with $250 million penalty from regulator after hacking scandal, told to beef up cybersecurity

Medibank Private has been hit with a $250 million penalty by financial regulator APRA after a hacking scandal saw millions of Australians have their personal medical information posted online.

Australia , Australians , Suzanne-smith , Christian-gilles , Nicki-connolly , David-koczkar , Medibank-cyber-response-support-program , Medibank-private , Security-strategy , Apra , Financial-regulator , Medibank