Australia's largest health insurer Medibank has been subjected to increased scrutiny by the Australian Prudential Regulation Authority after the widespread data breach impacting 9.7 million customers, which was attributed by the Australian Federal Police to Russian hackers, according to ZDNET.
Finalization of the external review led by Deloitte would determine the need for more regulatory action, noted ARPA.
"APRA expects Medibank to undertake any recommended remediation actions and ensure there is appropriate consequence management, including impacts to executive remuneration where appropriate," said ARPA member Suzanne Smith.
Medibank has been consulting with ARPA regarding the external review's scope, noted Medibank CEO David Koczkar.
"We will share the key outcomes and consequences of the review, where appropriate, having regard to the interests of our customers and stakeholders and the ongoing nature of the Australian Federal Police (AFP) investigation," Koczkar added.
Meanwhile, AFP Commissioner Reece Kershaw said that talks with Russian law enforcement regarding the intrusion are being planned.
MGM Resorts ransomware recovery efforts nearly complete Most hotel and casino services at MGM Resorts International have already been restored after a ransomware attack that disrupted its websites, credit card machines, ATMs, slot machines, room key systems, and online reservations, SiliconAngle reports.
Reported Airbus data breach under investigation Multinational European aerospace corporation Airbus has disclosed launching a probe into a cyberattack after the reported leak of data from 3,200 of its suppliers, including names, home and email addresses, and phone numbers, according to The Record, a news site by cybersecurity firm Recorded Future.
UPDATE: ALPHV ransomware group claims responsibility for attack on MGM Resorts | Some cybersecurity pros call the attack on MGM potentially one of the most significant attacks on a gaming-hospitality company in U.S. history.