Latest news with #MedibankPrivate
Business Insider
10-07-2025
- Business
- Business Insider
Citi Remains a Hold on Medibank Private (MDBPF)
Citi analyst Nigel Pittaway maintained a Hold rating on Medibank Private today and set a price target of A$5.05. The company's shares closed last Tuesday at $3.22. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Pittaway covers the Financial sector, focusing on stocks such as ASX , Insurance Australia Group Limited, and QBE Insurance Group Limited. According to TipRanks, Pittaway has an average return of 3.4% and a 56.35% success rate on recommended stocks. In addition to Citi, Medibank Private also received a Hold from Macquarie's Andrew Buncombe in a report issued on July 6. However, on July 1, Morgan Stanley upgraded Medibank Private (Other OTC: MDBPF) to a Buy. Based on Medibank Private's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.39 billion and a net profit of $340.3 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $343.2 million
Sydney Morning Herald
10-07-2025
- Business
- Sydney Morning Herald
Qantas hack includes Chairman's Lounge membership data
The new detail about the data breach was contained in the broader release of information on the scale of last week's hack of Qantas customer data. About 4 million of the 5.7 million records were limited to name, email address and Qantas frequent flyer details only, the airline said, but a smaller, unspecified, subset had 'points balance and status credits included'. Within the 4 million figure, 1.2 million customer records contained only their name and email address. The data exposed from around 1.7 million Qantas travellers contained a combination of their address (1.3 million), date of birth (1.1 million), phone number (900,000) and gender (400,000), and some – about 10,000 – even had their meal preferences hacked. A week after the incursion into its database, Qantas said the airline could 'reconfirm' that no credit card details, personal financial information or passport details were stored in the system affected 'and therefore have not been accessed'. 'There continues to be no impact to Qantas frequent flyer accounts. Passwords, PINs and login details were not accessed or compromised. The data that was compromised is not enough to gain access to these frequent flyer accounts,' Qantas said in a statement. Last week, after detecting unauthorised activity on a 'third-party platform' used by the airline's contact centre in Manila, the airline called in cyber investigators and began notifying members. On Monday, Qantas said that 'a potential cybercriminal has made contact' with the airline. Hacked data is often used for further digital fraud. Rob Dooley, vice president of cybersecurity company Rapid7, notes that stolen information on its own is 'relatively innocuous'. 'It's when you correlate it with other data such as passwords matching those credentials from other breaches that it becomes valuable. 'It was connecting email addresses used as usernames and hoping those users didn't have two-factor authentication and had not changed their passwords,' said Dooley. This tactic was used in recent attacks on Australian superannuation funds, such as Australian Retirement Trust, AustralianSuper, HostPlus and Insignia Financial. Qantas claims 17 million frequent flyer members globally. The Qantas data breach also follows cyberattacks on Optus and Medibank Private in 2022. The criminals who breached Medibank Private began posting customer data online to coerce the health insurer into paying a ransom. Qantas CEO Vanessa Hudson said the airline had purged data in the aftermath of the damaging hacks of Optus and Medibank in 2022. 'The data we were deleting was more personal identity data that has been historically held in our system, such as passport details and also other relevant identity data. 'That has been an action that we took as a result of the Optus and the Medibank cyberattack,' Hudson said, without detailing the volume of data. Hudson said it was too early to discuss compensation for affected Qantas travellers, as the company was focusing on updating them about the breach. 'By far the majority of customers have said 'the next piece of information that I want from Qantas is the specific details of my data that was breached', which is what we're doing today,' she said. Loading As Hudson spoke, Qantas sent personalised emails to customers detailing what data was breached. 'Our cybersecurity teams have undertaken an investigation and we can confirm that the following types of your data held on the compromised system was accessed,' one email read, outlining that the customer's name, email address and tier of frequent flyer status had been breached. Hudson would not reveal anything about the cybercriminals behind the hack, saying it would be unhelpful to speculate. She referred questions to the Australian Federal Police. The AFP confirmed it was investigating the incident following a request from Qantas. 'Investigators are working closely with the airline and further comment will be provided at an appropriate time,' a spokesperson said. It is understood that the Australian Signals Directorate is also assisting in the response. Qantas urged customers to 'remain alert, especially with email, text messages or telephone calls, particularly where the sender or caller purports to be from Qantas'.
Business Insider
07-07-2025
- Business
- Business Insider
Macquarie Reaffirms Their Hold Rating on Medibank Private (MDBPF)
In a report released today, Andrew Buncombe from Macquarie maintained a Hold rating on Medibank Private, with a price target of A$4.50. The company's shares closed last Tuesday at $3.22. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Buncombe is a 4-star analyst with an average return of 10.6% and a 72.73% success rate. Buncombe covers the Financial sector, focusing on stocks such as NIB Holdings Ltd, ASX , and Insurance Australia Group Limited. In addition to Macquarie, Medibank Private also received a Hold from Jarden's Daniel Bui in a report issued on July 3. However, on July 1, Morgan Stanley upgraded Medibank Private (Other OTC: MDBPF) to a Buy. Based on Medibank Private's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.39 billion and a net profit of $340.3 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $343.2 million
Business Insider
03-06-2025
- Business
- Business Insider
Morgan Stanley Keeps Their Hold Rating on Medibank Private (MDBPF)
Morgan Stanley analyst Andrei Stadnik maintained a Hold rating on Medibank Private (MDBPF – Research Report) today and set a price target of A$4.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Stadnik covers the Financial sector, focusing on stocks such as Macquarie Group Limited, QBE Insurance Group Limited, and Computershare Limited. According to TipRanks, Stadnik has an average return of 6.2% and a 55.76% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medibank Private with a $3.02 average price target.
Business Insider
31-05-2025
- Business
- Business Insider
Macquarie Sticks to Their Hold Rating for Medibank Private (MDBPF)
In a report released today, Andrew Buncombe from Macquarie maintained a Hold rating on Medibank Private (MDBPF – Research Report), with a price target of A$4.25. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Buncombe covers the Financial sector, focusing on stocks such as Insurance Australia Group Limited, ASX , and NIB Holdings Ltd. According to TipRanks, Buncombe has an average return of 11.6% and a 78.43% success rate on recommended stocks. Currently, the analyst consensus on Medibank Private is a Moderate Buy with an average price target of $3.04.
