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Medibank shares plunge with around $1.6 billion off the value of Medibank Private

Oct 26, 2022
Medibank shares plunge with around .6 billion off the value of Medibank Private

Medibank shares plunge with around $1.6 billion off the value of Medibank Private

The stock market wiped around $1.6 billion off the value of Medibank Private today as its shares plunged.

The shares recommenced trading after being suspended in the wake of the cyber-attack on the company.

Medibank CEO David Koczkar told Sky News Australia on Tuesday that the security breach was likely to get bigger.

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