Medibank shares sink as cyberattack investigation continues | #malware | #ransomware | #hacking | #aihp

Medibank said defending its customers’ privacy against such threats remained its “highest priority”.

“As a health company providing health insurance and health services, Medibank holds a range of necessary personal information of customers, and the protection of customers’ data security is its highest priority,” the company said.

As the company’s shares resumed trading, Medibank moved to assure investors that the incident had not disrupted its business momentum.

“During the three months to September 30, the business has continued to show good momentum and is tracking in line with the financial year 2023 outlook as outlined at the 2022 financial results,” it said.

“Medibank does not expect this short disruption to impact this momentum.”

Medibank shares opened down 2.98 per cent at $3.41 after exiting a trading halt.