Australia's TechnologyOne says customers face no impact from cyber attack (updated)

TECHNOLOGY ONE

12/05/2023 24:57

(Updates with details on cyber attack in paragraphs 3 and 4 and
comments in paragraph 5)
       May 12 (Reuters) - Australia's TechnologyOne Ltd
 TNE.AX  said on Friday its customer-facing
software-as-a-service platform was not connected to the internal
back-office system that came under cyber attack this week.
    The software maker said on Wednesday it had detected an
unauthorised third-party access to its internal Microsoft 365
back office system, making the company the latest target in the
wave of cyber attacks that has plagued multiple firms since last
year.  urn:newsml:reuters.com:*:nL4N37669N  
    The company reaffirmed that the internal back-office system,
which was isolated to contain the spread of the incident has
been restored and is fully operational. 
        TechnologyOne said third-party cyber security experts
have confirmed that its systems are secure and there has been no
further illegal activity detected.  
        "Our focus remains on the investigation into the
incident to determine what data may have been accessed via our
internal Microsoft 365 back-office system, and then as is
necessary, to engage with impacted individuals on appropriate
actions," the company said in a statement. 
    Major companies such as grocer Woolworths  WOW.AX , telecoms
Telstra  TLS.AX  and TPG Telecom  TPG.AX  have reported data
breaches and unauthorised access, bringing to light corporate
vulnerability to cyber attacks. 
        
  
    

 (Reporting by Archishma Iyer in Bengaluru; Editing by Sherry
Jacob-Phillips)
 ((Archishma.Iyer@thomsonreuters.com))