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article imageAccountancy software company Sage hit by data breach

By Tim Sandle     Aug 14, 2016 in Technology
The major U.K. software company Sage has been compromised in a data breach with personal information relating to 280 businesses being affected.
British police are investigating a data breach at the software company Sage, according to the Financial Times. This is a review into a confirmed unauthorized access of data. The incident has occurred internally, via a Sage corporate login. It is unknown whether the unauthorized access was simply to view personal data or whether any data has been copied. This is key to the investigation and if data has been taken the seriousness of the issue increases substantially.
UKCyberForum (@UKcyberforum) "Internal login may have compromised data @sageuk. Investigations will find out more. #cybersecurity #accounting."
Julia Yeates (@YeatesJM) "Sage software firm hit by data breach. They don't say it but my money is on a successful spear phish."
Sage provides and administers business software for accounting and payroll services to firms across 23 countries. Sage is also the world's third-largest supplier of enterprise resource planning software. The risk of the data breach is high, given that Sage has 6.1 million customers and 13,400 employees across the world.
In relation to the breach, a spokesperson has told the Daily Mail: ""We are investigating unauthorised access to customer information using an internal login. We cannot comment further whilst we work with the authorities to investigate but our customers remain our first priority and we are speaking directly with those affected."
The Sage group has an annual turnover of £1.3 billion ($1.7 billion, and is the only remaining technology stock on the U.K.'s top stock exchange, the FTSE 100.
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