IPH systems restored following last week’s cyber attack

IPH systems restored following last week’s cyber attack

Intellectual property legal group IPH Limited (ASX: IPH) has restored key system functionality following a cyber attack last week that targeted the group’s head office and two member firms.

In a short update on the ASX, IPH said new network infrastructure was established and system security had been enhanced following the cyber attack which targeted the document management systems (DMS) and practice management systems (PMS) of IPH and member firms Spruson & Ferguson and Griffith Hack.

With additional preventative and detective controls to protect the IPH network now in place, the parent company said the member firms were transitioning back to normal operating procedures.

IPH has not disclosed what information was accessed by the cyber criminals, nor the number of individuals affected by the cyber crime.

“IPH is continuing its response, and its investigation into the extent of and nature of the unauthorised access to the IT environment and data held within it, which is expected to extend over a number of weeks,” IPH said.

“As our investigation and response continues and business operations are restored, we will continue to update the market as appropriate.

The update comes after personal loans and buy-now pay-later (BNPL) services provider Latitude Group (ASX: LFS) announced that the fallout from a cyber attack on its systems was worse than previously estimated, with the company announcing on Wednesday that it had uncovered ‘further evidence of large-scale information theft’.

Per Latitude’s latest market update, the company's systems remain offline following the cyber attack which saw the personal information of around 330,000 people stolen. This included copies of drivers’ licences, drivers’ licence numbers, passport numbers and Medicare numbers.

The firm, which sells a variety of financial products including credit cards under the brand names CreditLine, Buyer's Edge and Care Credit, said on Monday that it could not onboard new customers after isolating its tech platforms and taking them offline.

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