Medibank’s travails after being hit by cybercriminals do not seem to be ending. APRA, The Australian Prudential Regulation Authority, has asked the insurer to hold another $250 million in capital as security. This is a punishment meted out to Medibank...
The spectre of cybercrime is spreading fast and has engulfed scores of businesses across industries and geography. The statistics are worrisome. In 2023 alone, about 33 billion accounts are expected to be breached. It means 97 cybercrime victims per hour...
The Australian health insurance giant Medibank is in trouble again. It is caught up in a class action suit filed by Phi Finney McDonald, a law firm. This comes on the heels of a $250 million fine imposed by the...
Scores of Australian companies/entities have fallen victim to the machinations of cyber criminals in recent years. The rates of data breaches have risen phenomenally, and every stakeholder, notably the consumer, has become wary of the existing cybersecurity measures taken by...
HWL Ebsworth, a law firm in Australia, seems to have been hacked by Russian hackers. The incident has sent the Albanese government into a tizzy, prompting the opening of a crisis group in response. Dubbed a major hack in Australia...