Money

Millions of Australians caught up in major data breach

Published

3 years ago

November 7, 2022

Costa Haritos

More bad news for Medibank customers, with millions of Australians’ data compromised

It’s the latest cyber breach to hit the country.

Australia’s biggest health insurer says a hacker has accessed data from 9.7 million customers

But the company is standing firm, refusing to pay a ransom.

In a statement, Medibank’s CEO says it has received advice from cyber-crime experts, who believe there is only a limited chance paying a ransom would ensure the return of our customers’ data and prevent it from being published.

It goes on to say that paying the ransom could have the opposite effect and encourage the criminal to directly extort our customers, and there is a strong chance that paying puts more people in harm’s way by making Australia a bigger target.”

The company is now warning its customers to be vigilant because there are concerns the criminal may leak the data online, or even contact the customers directly.

What data has been compromised?

Medibank has confirmed names, dates of birth, addresses, phone numbers and email addresses for the nearly 10 million current and former customers have been accessed.

However, it does not seem like any primary identity documents have been stolen at this point in time.

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Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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U.S. dollar weakens while Australian dollar rises amid global market shifts

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January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

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Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

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Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

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Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

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3 days ago

January 28, 2026

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Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

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