Chanticleer
It’s time for Medibank to face the market
The insurer’s hacking crisis might be deepening, but it’s time for it to update investors about the financial impacts and for its shares to trade again.
Medibank Private chief executive David Koczkar has so far managed to shield his investors from the worst of the fallout from the company’s deepening cybersecurity crisis, by convincing the ASX to allow the company’s shares to remain in halt or voluntary suspension since October 19.
But it’s surely now time for Medibank shares to resume trading, and for the company to provide its best estimate of the potential financial hit it is facing from the incident.
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