Big Aussie business trials four-day week
It’s one of the largest companies to announce a shift to the new work model that gives staff a long weekend every week.
Medibank
Medibank launches four-day work week on same pay
After a torrid year dealing with the fallout of a Russian cyber assault, Australia’s biggest health insurer has launched a four day work week for 250 staff.
Healthy line-up of buyers for Cura contest
Up to six parties are understood to be in the early contest for day hospital provider Cura Group.
AI cyber attacks a threat to family fortunes
Top financial advisers can’t wait to unleash artificial intelligence technology but high net worth investors want cyber security to come first.
ASX falls 1.4pc; Goyder staying at Qantas
Qantas chair says major shareholders back him. AusSuper move comes amid push for a higher Brookfield bid. Transurban drops on ACCC block as Abertis circles. Fels takes aim at energy giants’ profits.
Class action bonanza: could you be owed money?
New class actions in Australia are coming thick and fast as lawyers take aim at high flyers such as Qantas, Optus and Medibank. Here’s a searchable table of the biggest 135 cases.
Put cyber front and centre as ‘war games’ intensify
With bad actors everywhere, increasingly sophisticated attacks and the inexorable rise of AI, the government’s new cyber security strategy must set the right course to defend the nation.
The 70s were a game-changer for Australia
We threw off the shackles of the Great Depression and WWII. Medibank, fee-free tertiary education, Bankcard and colour TV all surfaced. And we travelled to places we’d never seen before.
Pay hit: Medibank exec bonuses cut over cyber hack
Despite a jump in profit, CEO David Koczkar won’t get a pay rise and other Medibank executives will be denied bonuses after 9 million customers were hacked.
ASX lifts on tech gains; Ramsay tumbles
NAB CEO Ross McEwan warns of ongoing inflation ‘hurt’. Woodside eyes $1bn windfall. Telix, Qantas gain. Ramsay dividend cut sparks sell-off.
Medibank, Optus breaches ‘should have been smaller’
Castlepoint chief Rachael Greaves says AI and better record keeping would have helped Medibank and Optus, as it emerged the privacy watchdog’s investigations could stretch into next year.
‘Customers expect more’: Medibank overhauls leadership
Faced with customer and shareholder class actions after last year’s cyber attack, Australia’s biggest health insurer has overhauled its executive team.
ASX rises 1.6pc; best day in six months
Gold miners pace gains after US CPI print. INPEX takes 50 per cent Enel Green Power stake. Origin gets $70m from Labor for hydrogen project. Domestic air fares at one-year low.
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 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.
Original URL: https://www.theaustralian.com.au/topics/medibank/page/3