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

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.

The post Medibank share price lifts despite latest data dump to ‘dark web’ appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Guess how much NIB shares have gained since Medibank’s cyber attack?
• Leading brokers name 3 ASX shares to buy today
• Top 10 signs you’ve been crypto-scammed
• Here are the top 10 ASX 200 shares today
• NIB share price surges ahead as profits soar 31%

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Nib Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/cfEpDOs