Friday, 24 November, 2017

Account that! 5mn emails potentially exposed in Deloitte cyber-attack

Deloitte is one of the Deloitte is one of the"big four acountancy firms
Stacy Diaz | 28 September, 2017, 00:18

One of the biggest accounting firm Deloitte found that it had been hacked in March and hackers got access to its systems.

Its clients include some of the world's biggest banks, multinationals, media companies, pharmaceutical firms and government bodies, the report said. Last year, Deloitte reported nearly $40 billion in revenue worldwide.

The report also mentioned that the company had been aware of the breach in their network March 2017. Some email file attachments also contained usernames and passwords belonging to U.S. companies and governmental agencies that had contracts with Deloitte.

Deloitte itself advises clients on matters of cyber security.

The report also points out that the "hackers just needed a single password" from an administrator of the firm's email accounts.

UK-based Deloitte operates from its NY city headquarters and is said to be the epicentre of the cyber attack.

Deloitte said it had implemented a "comprehensive security protocol" after the incident was discovered, using internal and external experts to help respond. "That amount is a very small fraction of the amount that has been suggested".

In addition to five million emails and their attachments, the hackers could have also stolen passwords, usernames, IP addresses, architectural diagrams for businesses, and workers' health information.

Deloitte confirmed the hack to the Guardian, but said only a few clients were impacted by the attack.

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Deloitte has said that it will continue to evaluate this matter and will take additional steps as required.

She further goes on to add that, "Deloitte remains deeply committed to ensuring that its cyber security defenses are best in class, to investing heavily in protecting confidential information and to continually reviewing and enhancing cyber security".

Deloitte provides accounting, auditing and consulting services, including advice on mergers and acquisitions.

Incidentally, Deloitte is one of the world's leading advisors to governments, Fortune 500 firms and other organisations on cyber security.

Alton Kizziah, vice president of global managed services at Kudelski Security, said data breaches, like this one, are particularly concerning for managed security services providers.

When the cyber-intrusion at Deloitte was revealed, the company's PR machine, like many before it, chose to focus on the little numbers.

Data from clients across all these sectors was present in the company email system that was hacked.

Equifax has been widely criticized by multiple USA lawmakers for failing to rapidly inform affected consumers.

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