/ 06 June 2024

The cost of a huge hack

Image source: AAP
Image source: AAP

Australia’s largest health insurer Medibank could face more than $21 trillion in fines for exposing customers’ personal data to hackers in what is our largest cybercrime incident to date. You might recall that happened in October 2022, with the details of nearly 10 million customers hacked… Now, the Office of the Australian Information Commissioner has filed a civil case in the Federal Court, claiming Medibank failed to adequately protect customers’ information, breaching the Privacy Act. Medibank says it’ll defend the proceedings, but Commissioner Carly Kind said it’s a wake-up call for all Australian organisations to “invest in their digital defences”. It comes as e-script provider MediSecure has gone into administration after falling victim to a large data breach… And social media platform TikTok has also reported that several high profile accounts, including some celebrities and news outlet CNN, have been targeted in a cyber attack.

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