Medibank chair says company’s cybersecurity was ‘clearly not robust enough’

would incur costs of up to $35 million for the December half. This does not include further potential customer and other remediation, regulatory or litigation-related costs.“It has caused distress and concern for many of our customers, our people and for you, our shareholders – many of whom I know are also customers,” he said.

Wilkins said the board would continue to invest in mitigating these risks and indicated that major shareholders and advisers had shown support for the board ahead of what was expected to be a fiery meeting with shareholders able to question the board members and executives about the attack.pay a ransom in return for it not being released. The ransomware group suspected to be behind the attack then began releasing tranches of stolen Medibank data on the dark web.

Shareholders appeared to agree. Medibank released details of proxy votes ahead of final voting on the resolutions and it showed overwhelming support for all items on the agenda.

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Medibank chair says company’s cybersecurity was ‘clearly not robust enough’Medibank chairman Mike Wilkins has defended the private health insurer’s attitude to cybersecurity following the worst hack in Australian corporate history. ColinJKruger Just pay it bro ColinJKruger Hey then are they going to pay us for what they have not paid to the hackers? Medibank has no right to take any advantages for my personal data leak. Medibank is like 'Yep you stole our clients data. I am not responsible for it. But do not publish on dark web please:)' WTF?
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