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AAP
AAP
Business
Jacob Shteyman

Regulator sanctions Medibank following data hack review

Medibank Suzanne Smith APRA
At least 9.7 million Medibank customers had personal information compromised. (Diego Fedele/AAP PHOTOS) (AAP)

Medibank says it will have no problems complying with orders to carry an additional $250 million in capital after a catastrophic data breach.

The Australian Prudential Regulation Authority on Tuesday announced the new capital adequacy requirement will kick in from July 1 and remain in place until Medibank satisfactorily completes remediation work.

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