Aussie software firm Iress flags data breach at third-party platform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
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Source: Yahoo Finance
- Data Breach Incident: Australia's Iress Ltd detected and contained unauthorized access to its pre-production software code on GitHub, a third-party platform.
- Client Data Security: The firm reassured that no client information is stored on the platform and there is no evidence of compromised client data.
- Business Continuity: Iress stated that the breach is not expected to impact business operations or clients' ability to use their software and systems.
- Security Measures Strengthened: The company has implemented processes to enhance security measures following the incident.
- Market Response: Despite the breach, Iress shares were trading 0.7% lower at A$8.57 as of 0020 GMT.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
