Russian hackers claim responsibility for the incident
Australian bond broker FIIG Securities has confirmed that it was the target of an unauthorized cyberattack, resulting in the breach of personal information. The company has taken immediate action by launching an investigation, engaging third-party cybersecurity experts, and isolating affected systems.
Upon discovering the breach, FIIG Securities promptly took its IT systems and client-facing portal offline to prevent further access to compromised data. The company is diligently working with relevant authorities, including the Australian Cyber Security Centre and the Office of the Australian Information Commissioner, to ensure compliance with regulatory requirements and safeguard the security and privacy of the data it holds.
FIIG Securities has begun the process of notifying its clients, employees, and other stakeholders who may have been impacted by the cybersecurity incident. In response to the breach, the company has provided several recommendations for affected individuals to protect themselves, including staying alert to phishing emails, regularly changing passwords, enabling enhanced security on bank accounts, and monitoring credit reports for any suspicious activity.
While FIIG Securities has taken swift action to mitigate the consequences of the breach, some affected clients have expressed disappointment in the company’s response. Concerns have been raised regarding the storage and handling of sensitive information and the lack of services offered to track potentially fraudulent activities. Clients are urging FIIG Securities to assess its data management practices and ensure the secure disposal of unnecessary personal data.
The Russian cybercriminal group AlphV, also known as BlackCat and notorious for ransomware attacks, has claimed responsibility for the breach. They have allegedly posted stolen documents, including driver’s licenses, passports, and reports, on the dark web. The extent of the compromised data remains unclear, but FIIG Securities continues its investigation to determine the full scope of the incident.
The breach serves as a reminder of the growing threat cyberattacks pose to organizations and the importance of robust cybersecurity measures to protect sensitive information. FIIG Securities remains committed to rectifying the situation and bolstering its security protocols to prevent future incidents.
