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Millions of Australians caught up in major data breach

Published

2 years ago

on

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 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. Federal Reserve announce rate cut, show great confidence in economy

Published

2 days ago

on

September 19, 2024

By

The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Money

Markets brace for potential 50-point fed rate cut

Published

4 days ago

on

September 17, 2024

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

Published

5 days ago

on

September 16, 2024

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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