Medibank Faces $21.5T Fine Risk
Medibank faces potential $21.5 trillion fine from Australian privacy watchdog for 2022 cyberattack exposing 9.7 million user records
June 12, 2024
Technically, Medibank could face a fine of $21.5 trillion as a result of legal action taken by Australia’s privacy watchdog, the Office of the Australian Information Commissioner (OAIC), for the theft of personal details of 9.7 million Australians in a 2022 cyberattack. If it loses (and it's defending the action) it'll pay a fraction of that. Medibank is already the subject of four class actions relating to the cyberattack.
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