Medibank

Australian insurance company

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2024 Medibank reached approximately 4.2 million customers, establishing itself as Australia's largest private health insurance provider.
December 1 2022 Reports indicated the hacker group had released all remaining compromised customer files.
November 2022 Hacker group allegedly linked to Russian ransomware group REvil released Medibank customer data on a dark web blog after the company refused to pay a US$9.7m ransom.
October 23 2022 Medibank announced receiving an additional 1,000 customer records from hackers, expanding the potential data breach to potentially impact all 3.9 million customer records across Medibank, ahm, and international student databases.
October 12 2022 Medibank CEO David Koczkar reported unusual network activity consistent with potential ransomware precursors. The company took AHM and international student policy management systems offline and requested an ASX trading halt after hackers claimed to have stolen 200 gigabytes of customer data.
May 2021 David Koczkar was appointed CEO following Craig Drummond's retirement.
March 2016 George Savvides retired as CEO after 14 years, earlier than expected. Craig Drummond from NAB was appointed as the new CEO, commencing in July 2016.
November 25 2014 Medibank completed its privatisation, listing on the Australian Stock Exchange under the code MPL with 440,000 individual owners and a market capitalisation of A$5.921 billion, representing a 29% share of the private health insurance market.
March 26 2014 Abbott government Minister for Finance Mathias Cormann announced Medibank would be sold through an initial public offering (IPO) in the 2014-2015 financial year.
March 2010 Medibank withdrew benefits for restricted services on its basic First Choice Savers hospital policy, limiting coverage for procedures like heart operations and assisted reproductive services.

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