News: MPL Medibank Private Announces Cybercrime, Business And FY23 Outlook Update

Oct 26 (Reuters) - Medibank Private Ltd (MPL) :

• MEDIBANK CYBERCRIME, BUSINESS AND FY23 OUTLOOK UPDATE
• INVESTIGATION NOW ESTABLISHED THAT CRIMINAL HAD ACCESS TO ALL AHM CUSTOMERS' PERSONAL DATA AND SIGNIFICANT AMOUNTS OF HEALTH CLAIMS DATA
• ESTABLISHED THAT CRIMINAL HAD ACCESS TO ALL MEDIBANK CUSTOMERS' PERSONAL DATA AND SIGNIFICANT AMOUNTS OF HEALTH CLAIMS DATA
• INVESTIGATION INTO CYBERCRIME EVENT IS CONTINUING
• MEDIBANK IS WITHDRAWING ITS FY23 OUTLOOK FOR POLICYHOLDER GROWTH
• INVESTIGATION ESTABLISHED CRIMINAL HAD ACCESS TO ALL INTERNATIONAL STUDENT CUSTOMERS' PERSONAL DATA
• TO DATE, MEDIBANK'S IT SYSTEMS HAVE NOT BEEN ENCRYPTED BY RANSOMWARE
• UNDERLYING NET CLAIMS EXPENSE PER RESIDENT POLICY UNIT CONTINUES TO TRACK BELOW FY23 OUTLOOK OF 2.3%
• ESTIMATE A$25 MILLION-A$35 MILLION PRE-TAX NON-RECURRING COSTS WILL IMPACT EARNINGS IN 1H23
• UNABLE TO PREDICT QUANTUM OF ANY POTENTIAL CUSTOMER AND OTHER REMEDIATION, REGULATORY OR LITIGATION RELATED COSTS, AMONG OTHERS