Australia’s Medibank confirms not just some, but all company data breached
Following a denial last week, health insurer Medibank admits 200 gigabytes of company data on close to 4 million of their customers was illicitly accessed. This after perpetrators threatened the company it would target its most prominent customers – and revealed data set samples to prove this was possible. This is a big concern for multiple reasons: the company concealed the breach; the attackers can potentially use the data that, in addition to personal identifiers, includes information on diagnosis’ and procedure recommendations; and Medibank was not insured against cybercrime, so its cost to address this will run in the tens of millions of dollars.