Hacker Demands $10M to Stop Leaking Australians’ Medical Records

    Photo: Reuters [via Al Jazeera]

    The Facts

    • The cybercriminal or criminal organization that stole sensitive records from one of Australia's largest healthcare companies demanded on Thursday roughly $10M to stop leaking the data, as they uploaded even more confidential details about customers.

    • Early Thursday, the hacker published a message on the dark web asking Medibank to pay $1 for each of the 9.7M customer files that were stolen in last month's data breach.


    The Spin

    Pro-establishment narrative

    Unfortunately, this is the new world that we live in. The Medibank breach is a huge wake-up call that shows the need for an overhaul of information and privacy protection. From here on in, companies must be aware that they're under relentless cyber-attack. Australia's institutions are generally well prepared but can do even more to safeguard classified information.

    Establishment-critical narrative

    Cybersecurity isn't taken seriously enough in either the public or private sector. Most business leaders believe that their enterprises are safe from harm, but the truth is far less comforting. In a 2021 study, a staggering 63% of businesses said they had experienced a cyberattack. The hidden cost isn't the value of the stolen information but losing the customer's trust — and the impact that may have on the attacked company's share value.

    Nerd narrative

    There is a 41% chance the US executive branch will attempt to ban or otherwise further limit ransomware payments in 2022, according to the Metaculus Prediction Community.


    Establishment split

    CRITICAL

    PRO

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