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ABC News
ABC News
Business
business reporters David Chau and Emilia Terzon with wires

Medibank's market value drops $1.6b in one week, Reserve Bank tipped to lift rates even further as inflation hits 32-year high

Medibank Private's has suffered a $1.6 billion drop in its market value after the insurer warned that the massive hack of its customer data was even worse than expected.

In a statement, the company said the hacker had access to all Medibank, ahm and international students' personal information, along with a significant amount of their health claims data.

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