Medibank is being sued by the privacy regulator, a move welcomed by former customers and cybersecurity experts

Written By SECedu

Posted Tue 4 Jun 2024 | By business reporters Emilia Terzon and David Chau

Interview with Professor Richard Buckland

Health insurance giant Medibank is facing a maximum fine theoretically in the trillions of dollars after the Australian Information Commissioner filed proceedings in the Federal Court over its 2022 cyber-attack.

The Australian Information Commissioner is suing Medibank over a data breach at the health insurer in 2022.

  • The Medibank and ahm hack was one of the largest-ever breaches of Australian customers' data. The commissioner says the health insurer failed to protects it customers data.

  • What's next? The maximum potential fine is about $21 trillion but it will be up to the Federal Court to determine the final amount.

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