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The Australian Prudential Regulation Authority has raised Medibank's capital adequacy requirement by $250 million, following last year's cyber attack against the private health insurer, which exposed the personal details of 10 million customers.
The Albanese government has appointed Australia's first cybersecurity coordinator in the wake of a string cyberattacks against large firms, including one against law firm HWL Ebsworth which the privacy minister likened to the Optus and Medibank hacks.
The legal industry is one of the most vulnerable to attack by ransomware, with over 200 attacks worldwide in three years, according to a recent report.
National Australia Bank has been revealed as one of HWL Ebsworth's clients whose information was compromised when the law firm was hacked by a Russian-linked group.
A court has issued an injunction against the Russian-linked hacking group that accessed troves of data from HWL Ebsworth, including client information, as the law firm details the cost and time spent responding to the breach.
Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.
Class action firms and funders will set their sights on claims related to environmental, social and governance investing, says Clayton Utz’s new litigation partner Matthew Spain, but whether the game is worth the candle remains to be seen.
The Australian Communications and Media Authority has found Channel Nine breached privacy rules in a story on A Current Affair about a violent dispute between neighbours in regional New South Wales that went viral on YouTube.
A fed-up judge has vented his frustration with the problem of competing class actions in a move that appears to punish the second filed case against Medibank. But is he right that the courts are increasingly being asked to deal with duplicative proceedings? And was his order really all that drastic?
A judge aggrieved by the "plague" of competing class actions in the courts has temporarily stayed a second data breach class action against Medibank, and directed the health insurer to ask the privacy commissioner to drop the investigation of a third case.