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Abortions, drug use exposed in cyberattack on Australian health insurer Medibank

by AIP Online Bureau | Nov 15, 2022 | Eco/Invest/Demography, Health, International News, Non-Life

Following through on a threat, the hackers began publishing the most private medical details of some of Medibank’s customers, including terminated pregnancies, treatment for drug and alcohol addiction and heart attacks, according to a cybersecurity analyst, victims...

Australia to consider banning paying of ransoms to cyber criminals

by AIP Online Bureau | Nov 13, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

Asked on ABC television on Sunday whether the government planned to look at outlawing ransom payments to cyber criminals, Australia’s Home Affairs Minister Clare O’Neil said “that’s correct”. “We will do that in the context of …...

Australian insurer Medibank’ hacking appears to be far larger than initially suspected

by AIP Online Bureau | Nov 8, 2022 | Eco/Invest/Demography, International News, Non-Life, Technology

“Based on the extensive advice we have received from cybercrime experts we believe there is only a limited chance paying a ransom would ensure the return of our customers’ data and prevent it from being published,” Chief Executive Officer David Koczkar said in the...

Australia sees spike in cyber attacks from criminals and states

by AIP Online Bureau | Nov 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Technology

Business losses attributable to cyber crime rose on average 14% over the period, with the average crime costing a small business A$39,000 ($24,540) Cyber attacks against Australia from criminals and state-sponsored groups jumped last financial year, with a government...

Australian health insurer says data of all customers hacked

by AIP Online Bureau | Oct 26, 2022 | Health, International News, Non-Life

“Our investigation has now established that this criminal has accessed all our private health insurance customers’ personal data and significant amounts of their health claims data,” Medibank chief executive David Koczkar said in a statement to the Australian...
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