Australian Information Security Incident Reported: May 13 2020

Australian Ransomware Attack April 2020: MyBudget blames ransomware hack for system outage affecting thousands of customers, was likely compromised as it quickly moved its employees onto work-from-home arrangements amid coronavirus.

Money management company MyBudget has confirmed a ransomware attack is the cause of a nationwide systems outage that has left 13,000 customers in financial limbo.

Company Response: System Outage Update
Source: MyBudget blames ransomware hack for system outage affecting thousands of customers | ABC News (Australia)
More reports from: ABC News (Australia).

The Adelaide-based company said its systems were likely compromised as it quickly moved its employees onto work-from-home arrangements amid coronavirus, and that it could not rule out the possibility that clients’ data was put at risk.

In a statement today, MyBudget said there was “no credible evidence that significant data was accessed or will be misused”.

“However we can’t rule this out and are taking all cautionary measures,” the company said.

The company said it was working with leading external cyber security experts and was “doing everything possible to get systems back online in a safe and secure manner”.

Although MyBudget insisted there was no evidence of a breach, it said it would be advising customers and staff of measures they could take to keep their data safe.

The company also said it was working with law enforcement, the Office of the Australian Information Commissioner and the Australian Cyber Security Centre to ensure “appropriate action is taken”.