TPG Telecom falls as email hack targets business users' crypto, financial info

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Australia's No. 2 internet services provider TPG Telecom Ltd said on Wednesday it had been notified of unauthorised access to a hosted exchange service that hosts email accounts of upto 15,000 business customers, dragging its shares over 5%.

from the Australian Cyber Security Centre in November blamed the jump in attacks in majority of the incidents on inadequate software updates.

TPG said on Wednesday the "primary aim" of the threat actor was to search for customers' cryptocurrency and financial information. Its cyber security adviser Mandiant discovered the breach during a forensic historical review. "It does show to the world and to Australia that it is still quite easy for hackers to access customer records, which is obviously a huge negative and a lot of the other companies should definitely be wary," said Azeem Sherrif, a market analyst at CMC Markets.

TPG said it had implemented measures to stop the unauthorised access and was contacting all customers on the exchange service affected by the incident.

 

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