A shareholder class action against Medibank has claimed it did not disclose “serious deficiencies” in its cybersecurity measures, including failing to implement security measures such as multi factor authentication, causing investors to buy shares at inflated prices.
Australia’s largest private health insurer Medibank has been hit with a shareholder class action in the wake of a massive cyberattack that left the data of 10 million customers exposed.
Property and hotel giant Meriton is the latest company to fall victim to a cybersecurity breach, which exposed information held by the company on almost 2,000 guests and staff.
Former senator Rex Patrick has brought novel proceedings against the Attorney-General seeking access to letters concerning the 2020 “sports rorts” scandal and challenging the government’s policy of denying access to documents after a minister has changed jobs.
Two class action law firms have teamed up to investigate possible legal action against Latitude Financial over a cyberattack that resulted in the theft of 14 million customer records.
The drivers licence numbers of close to 8 million people and more than 6 million other records were stolen in a cyberattack on Latitude Financial, which the non-bank lender originally estimated had affected around 325,000 customer records.
A cyberattack on Latitude Financial appears worse than first reported, with the non-bank lender revealing the data of current and former customers as well as applicants across Australia and New Zealand has been affected.
IPH Limited, which owns IP firms Spruson & Ferguson and Griffith Hack, and lender Latitude Financial have become the latest victims of cyberattacks, with the latter revealing the personal data of hundreds of thousands of customers has been stolen.
Facebook will face a penalty in the Australian Competition and Consumer Commission’s case alleging it misled consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private.
The High Court has revoked special leave to Facebook to challenge a case by the privacy commissioner, finding that the social media giant’s grounds of appeal no longer involved issues of public importance.