In breaking news just now…
The Australian Information Commissioner has announced it has filed civil penalty proceedings in the Federal Court against Medibank over it October 2022 data breach.
The Commissioner alleges that from March 2021 to October 2022, Medibank seriously interfered with the privacy of 9.7 million Australians by failing to take reasonable steps to protect their personal information from misuse and unauthorised access or disclosure in breach of the Privacy Act 1988.
The proceedings follow an investigation initiated by Australian Information Commissioner Angelene Falk after Medibank was the subject of a cyber attack in which one or more threat actors accessed the personal information of millions of current and former customers, which was subsequently released on the dark web.
“The release of personal information on the dark web exposed a large number of Australians to the likelihood of serious harm, including potential emotional distress and the material risk of identity theft, extortion and financial crime,” said acting Australian Information Commissioner Elizabeth Tydd.
Medibank’s business as a health insurance services provider centrally involves collecting and holding customers’ personal and sensitive health information. In the financial year ending June 2022, Medibank generated a revenue of $7.1 billion and an annual profit of $560 million.
The hack on Medibank was one of the biggest ever to hit Australian consumers, along with other headline-making breaches including Optus and Latitude.
We’ll bring you updates as soon as we get them.