SYDNEY, June 27 (Reuters) - Australia's banking regulator on Tuesday told insurer Medibank (MPL) it would have to set aside A$250 million ($167 million) in extra capital, citing weaknesses identified in its information security after a network intrusion.
The Australian Prudential and Regulation Authority said the capital adjustment will be effective from July 1 and remain in place until an agreed remediation program is completed by Medibank to the regulator's satisfaction.
Medibank last year disclosed that a hacker stole the personal information of 9.7 million current and former customers and released the data on the dark web in one of Australia's biggest data breaches.
($1 = 1.4981 Australian dollars)
News: MPL Australia regulator asks Medibank to set aside $167 mln after data breach
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Last
$5.02 |
Change
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Mkt cap ! $13.82B | |||
| Open | High | Low | Value | Volume |
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| MPL (ASX) Chart |