TechnologyOne, the Australia-based trading firm, has issued a statement stating that some of its systems were targeted by a cyber attack, as a result of which it halted the entire trading process, impacting millions of customers.
Unconfirmed sources state that the attack is of the ransomware genre and has impacted a few of the servers related to the software maker. Those impacted will be contacted personally through a digital note.
After Optus and Medibank, the attack on TechnologyOne LTD is among the largest that has taken place in the past two years. It is reported that the service provider has taken the incident seriously and is busy investigating it to the core.
Previously, during a probe conducted to uncover the facts from the Optus Cyber Attack, it was revealed that a state-funded actor was involved in the incident. However, nothing much was disclosed about the actor due to national security concerns.
But a media resource from the Albanese-led country stated that the attack could be the work of a pro-Russian hacking gang and is a kind of retaliation shown by the actor against the continent for supporting Ukraine in its war with the Kremlin.
NOTE – All companies operating from nations in favor of the Zelenskyy-led nation are hereby requested to review their cybersecurity defense line immediately and take proactive security measures to safeguard their IT infrastructure from state-funded attacks.