ASX rises 1.5pc for week; Link dives
Bourse also ends the week and quarter slightly higher. Downer jumps on $4.6bn rail contract. Link dives on HESTA loss. Bubs drops after China axing.
Medibank
Medibank hit with investor class action over Russian hack
Already faced with a $150m clean-up bill, Medibank is facing a class action from shareholders after last year’s cyber attack hammered its share price by more than 18pc.
Pet insurance ban as watchdog bites
ASIC says scores of pet products — many offered by some of the nation’s best-known brands — did not consider the customer’s ability to pay for treatment.
Medibank hit with $250m penalty for ‘cyber weakness’
Australia’s largest health insurer will undergo an internal risk and governance review after it suffered the largest data breach in the country’s history.
ASX snaps loss streak; Collins Foods soars 18pc
Collins Foods jumps on eight-month high after earnings beat. Iron ore in biggest jump since May. Bega to sell $115m Port Melbourne site. Medibank falls on APRA’s $250m hit.
Medibank exposed in hack also affecting EY, PwC
The private health insurer has been caught up in another major cybersecurity breach, falling victim to the same vulnerability that has two of the big four accounting firms on edge.
Australian health system ailing: Medibank
A failure to lift productivity will make access to healthcare more expensive, but Medibank boss David Koczkar has a plan to transform the sector.
ASX ends losing streak; Lake, News Corp rally
Lake Resources ends market leader. News Corp rallies on result. Gold miners fall on recession concerns. QBE drops despite improved outlook. IGO sells Mincor stake to Wyloo.
TechnologyOne suffers cyber attack
The company has joined the likes of Optus and Medibank in falling victim to a data breach, while the privacy watchdog has launched a probe into Latitude Financial.
Hackers to face army of ‘wardens’
More than 50,000 ‘cyber wardens’ will be trained to protect Australian businesses from cyber attacks, following high-profile breaches plaguing the likes of Optus and Medibank and their millions of customers.
Medibank sued over massive data breach
Medibank is facing a massive class action lawsuit after millions of Aussies were stung by a data breach that affected the health giant.
‘Exposed, attacked’: Medibank customers seek revenge
Targeted by Russian criminals following last year’s cyber attack, furious Medibank customers have engaged law firm Slater & Gordon to launch a class action.
ASX ends three-day fall
ASX ends a three-day fall as Apple lifts US futures and ANZ rise 1.5 per cent after a weak start after reporting. Qantas CEO-elect Vanessa Hudson’s pay revealed. Rio’s ‘hard choices’ on climate. ANZ CEO says banks not immune from US contagion.
ASX drops 0.9pc on RBA’s shock rate hike
The sharemarket closed in the red after the Reserve Bank’s eleventh rate hike since May last year. Inflation remains stubbornly high. Qantas promotes Vanessa Hudson to top job following Alan Joyce’s long tenure.
Medibank won’t release report into cyber attack
The insurance giant has implemented recommendations from a Deloitte report into the cyber attack that affected millions of its customers, but says it won’t be releasing the report, citing security risks
Aussies ditch dentist trips amid rising costs
Don’t like the dentist? You’re not alone. About half the Australian population skipped regular check-ups last year, and here is why it is a problem.
Bombshell hacker secrets revealed
A hacker who claims to be behind online attacks around the world says Australians are “the most stupidest humans alive” while revealing cyber secrets.
Pet pampering prompts dire warning over Easter
Medibank and other pet insurers experience a spike during Easter – with some payments breaching $3500. Here’s how Australia’s pet pampering trend is potentially killing animals.
ASX rises 1pc to three-week high; BHP, NAB rally
ASX 200 sees best close since March 10. Qantas, China Eastern get ACCC nod. Regis jumps on McPhillamys green light. NAB trims cash rate peak. Zip soars on profit pathway.
How do I know if I’m a Latitude Financial customer?
The lending company is behind a number of interest-free payment plans at major retailers, boasting of customers getting a response to their application “in as little as 60 seconds”.
ASX extends worst losing streak since GFC
Losing streak at seven weeks. Block tanks on Hindenburg report. Estia Health soars on Bain bid. BWX suspended over refinancing cloud. AMP completes first step in Collimate sale.
Medibank strikes major hospital deal, plans new facilities
Australia’s biggest health insurer will establish three mental-health hospitals as it expands from health funder to health service owner.
Inside details of Medibank’s $26m firewall fail
Medibank has revealed a faulty firewall allowed the biggest cyber assault in Australia’s history, sparking an exodus in customers that is only now starting to turn.
ASX falls 0.4pc; Qantas, Bega dumped
Shares fall for a third straight day. Bega tumbles on inflation woes. Qantas down despite $1.4bn profit. BHP at seven-week low as iron ore lifts. Eagers soars on record result.
Big payday for future data hack victims
People caught out by cyber attacks could be given greater powers to access compensation under proposed major reforms.
Secret report into Optus hack under fire
A secret report into the government’s handling of the Medibank and Optus data breach fallouts is unlikely to ever be made public.
Medibank’s legal woes grow with fourth class action
The health insurer says it will defend the latest action, which claims it breached laws and confidence during the cyber attack that exposed millions of customers’ personal details.
ASX rises; Boral, Suncorp jump on profit beat
Financials and material push ASX higher. Boral books 53 per cent profit jump. BHP suspends WA ops after fatal incident. Elders unsure of share fall. Amcor flags soft outlook.
Medibank’s cash offer to ex-customers
Amid another increase to the official cash rate and with the prospect of more to come, insurers are trying to create as much relief for their customers as possible.
Cyber security funding spikes
Australian organisations are spending more than ever before on their cyber defences, in a bid to avoid becoming the next high-profile hacking victim.
Original URL: https://www.theaustralian.com.au/topics/medibank/page/3