Companies

Medibank's woes worsened Wednesday as the insurer revealed data for all 4 million of its current and former customers had been accessed during a cyberattack after initially reporting no customer data had been exposed.

Commonwealth Bank units CommSec and Australian Investments Exchange have been ordered to pay more than $27 million for “serious and unacceptable” system failures that led to excessive fee charges for customers.

Facebook owner Meta wants to uncover the basis on which crypto tokens have been issued to bankroll a class action over its 2018 ban on cryptocurrency ads, citing the potentially conflicted interests of the self-represented lead applicant.

The fallout from a cyberattack against Medibank continues, with the health insurer revealing sensitive claims data was accessed for customers of its main Medibank branch.

A judge has rejected a bid to add an insolvent trading claim to a $78 million class action over the collapse of Walton Construction, citing “extraordinary” delays in the three-year-old case.

The Australian Competition and Consumer Commission has dragged Google-owned Fitbit to court for allegedly telling consumers they had to mail in broken devices within 45 days in order to obtain a refund.

A judge has rejected Crown Resort’s bid to appoint a contradictor to fight a group costs order being sought in a shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.

Companies will face penalties of up to $50 million for serious privacy law breaches under legislation to be introduced the Attorney-General following data breaches by Optus, Medibank and Woolworths unit MyDeal.

The Australian Competition and Consumer Commission is currently “not satisfied” that the public benefits from allowing Virgin and Alliance to continue to cooperate in markets for fly-in fly-out customers will outweigh its competition concerns. 

The Australian Communications and Media Authority has found that Seven and Nine breached industry rules by showing gambling ads during their coverage of the Olympics and the NRL grand final last year.