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ABC News
ABC News
Business
political reporter Matthew Doran

Medibank CEO says ransom amount 'irrelevant' and paying up would only increase risk of further extortion

Medibank David Koczkar

The boss of embattled insurer Medibank says the value of the ransom demand from cyber criminals was "irrelevant" in the company's decision not to negotiate with the hackers.

The company informed the ASX this morning that the personal details of around 9.7 million current and former customers had been accessed in a massive cyber attack last month.

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