Medibank's $250m hit big enough to scare others into cyber action
Lucky Medibank had a buffer, but the capital charge still hurts shareholders and should be enough to shock other financial services companies into action.
Source: afr.com
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Tech News: 5 Things to Know in Australia Today
From CommBank finally restoring its outage to Telegram getting Stories, here are five things headlining tech news in Australia.
Source: gizmodo.com.au
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Australia regulator tells Medibank to set aside $167 mln after data breach
Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a major hacking breach.
Source: reuters.com
Medibank penalised over huge data hack
Australia’s financial watchdog has taken action against Medibank over the 2022 cyber attack that saw the private information of nearly 10 million customers stolen and published online.
Source: indaily.com.au
Australia Regulator Tells Medibank to Set Aside $167M After Major Cyber Attack
Australia's banking regulator told insurer Medibank on Tuesday it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses
Source: insurancejournal.com