SYDNEY :Australia's banking regulator on Tuesday told insurer Medibank 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 (APRA) said the capital adjustm
SYDNEY :Australia's banking regulator on Tuesday told insurer Medibank it would have to set aside A$250 million in extra capital, citing weaknesses identified in its information security after a network intrusion.
"In taking this action, APRA seeks to ensure that Medibank expedites its remediation programme," member Suzanne Smith said in a statement. At least three separate class action suits have been filed in Australian courts on behalf of affected customers against the company over the network intrusion.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thousands cross Sydney Harbour Bridge ahead of Women's World CupSYDNEY: Thousands of football fans crossed the Sydney Harbour Bridge on Sunday (Jun 25) to mark the start of a 25-day countdown to the Women's World Cup, which is being co-hosted by Australia. The
Read more »
Cash boost makes Sydney's The Everest world's second-richest horse raceSYDNEY: Sydney's racing flagship The Everest boosted its prize money Sunday to A$20 million (US$13.4 million), becoming the world's second-richest thoroughbred race behind only the Saudi Cup. The annual October meeting at Royal Randwick will also see a new A$5 million King Charles III Stakes to be run on t
Read more »
Thousands cross Sydney Harbour Bridge ahead of Women's World CupSYDNEY : Thousands of football fans crossed the Sydney Harbour Bridge on Sunday to mark the start of a 25-day countdown to the Women's World Cup, which is being co-hosted by Australia.The Antipodean nation is putting on the quadrennial tournament with New Zealand in July and August across nine cities.
Read more »
Australia squad for the Rugby ChampionshipSYDNEY : Australia coach Eddie Jones named the following 34-man squad for the Rugby Championship on Sunday: Forwards: Allan Alaalatoa, Matt Gibbon, James Slipper (co-captain), Taniela Tupou, Matt Faessler, Zane Nonggorr, Dave Porecki, Jordan Uelese, Richie Arnold, Nick Frost, Tom Hooper, Will Skelton, Jed
Read more »
Australia inch towards Ashes test win with England 116-5 chasing 268NOTTINGHAM, England : England were reeling at 116-5 at stumps on day four of the women's Ashes test on Sunday chasing a target of 268, giving Australia the upper hand going into the final day of the one-off match at Trent Bridge.After Australia's middle order collapsed in their second innings, England's o
Read more »
Australia to provide more armoured vehicles to UkraineMore than 17,000 Ukrainian recruits have been trained by Britain and other allies over the last year. Read more at straitstimes.com.
Read more »