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Medibank share price lifts despite latest data dump to ‘dark web’


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The Medibank Private Ltd (ASX: MPL) share price is in the green today despite the latest customer data dump.

Medibank shares are currently up 0.68% and are trading at $2.95. However, in earlier trade Medibank shares lifted 1.5%. For perspective, the S&P/ASX 200 Index (ASX: XJO) is rising 1.13% today.

Let’s take a look at what is going on with Medibank.

What’s going on?

Medibank is not alone among financial shares in the green today. The S&P/ASX 200 Financials Index (ASX: XFJ) is climbing 0.92%. However, Nib Holdings Ltd (ASX: NHF) shares are 0.55% in the red at the time of writing.

In today’s news, Medibank has provided a “cybercrime update’ this morning. Stolen customer data was released to the dark web overnight, the company confirmed today.

Commenting on the news, Medibank said:

We are in the process of analysing the data, but the data released appears to be the data we believed the criminal stole.

Unfortunately, we expected the criminal to continue to release files on the dark web.

The data, at this stage, does not include any financial or banking data.

Medibank CEO David Koczkar unreservedly apologised to customers. He said:

We are remaining vigilant and are doing everything we can to ensure our customers are supported. It’s important everyone stays vigilant to any suspicious activity online or over the phone.

Medibank share price snapshot

The Medibank share price has lost nearly 13% in the last year, while it has fallen 11% year to date.

For perspective, the ASX 200 has returned nearly 2% in the last year.

Medibank has a market capitalisation of about $8.1 billion based on the current share price.



Read More: Medibank share price lifts despite latest data dump to ‘dark web’

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