Australia on Saturday formalized a new cyber-policing model in a stepped-up effort to "hunt down" cyber criminal syndicates, following recent hacks impacting millions of Australians.
Australia's biggest health insurer, Medibank Private Ltd (MPL.AX), last month was hit by a massive cyber attack, as Australia grapples with a rise in damaging hacks.
At least eight companies, including Singapore Telecommunications-owned (STEL.SI) telecom company Optus, Australia's second largest telco, have reported breaches since September.
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