April 22, 2018

Deloitte breached by hackers, client accounts compromised

28 September 2017, 12:16 | Rudolph Thomas

Deloitte hit by cyber attack - report

Cyber-attack hits accounting giant Deloitte with clients' details, passwords and emails stolen

Deloitte, one of the world's "big four" accountancy firms, has fallen victim to a cyberattack that compromised sensitive emails.

The global company provides tax consultancy, cybersecurity advice and other services to several of the world's largest banks, multinational companies, pharmaceutical firms and government agencies. According to this source, the company sent out a "mandatory password reset" email on October 13, 2016 to all Deloitte employees in the United States.

It's been revealed that yet another major company was the victim of a cybersecurity breach.

Deloitte did not specify which government authorities or regulators it informed. It is only believed to be impacting United States clients, but the precise number is not known.

The report said Deloitte discovered the attack in March.

Later, a spokesperson said that a "very small fraction" of the five million emails stored there were stolen.

Access to the platform, theoretically, also gave them potential access to other sensitive data like usernames, passwords, personal information like health records, IP addresses, other types of credentials, confidential Deloitte documents, and all attachments included in the emails.

In an emailed statement, Deloitte confirmed it was hacked, but said, "only very few clients were impacted" and "no disruption" to client businesses occurred. The source further said the hackers had free reign in the network for "a long time" and that the company still does not know exactly how much total data was taken. The attacker used a single administrator account with one password, which did not have two-factor authentication.

Deloitte brought in $37 billion past year for its consultancy in the areas of taxes, auditing, and also cybersecurity, which makes the way these hackers broke into Deloitte all the more embarrassing. The firm services a wide-range of well-known companies across the globe, including 80% of Fortune 500 names and more than 6,000 private and middle market companies, according to its website.

Deloitte has been the subject of the latest major cybersecurity attack, with confidential information from some of its clients reportedly compromised.

It would not be drawn on how many of its clients had data made potentially vulnerable by the breach.

Data from clients across all these sectors was present in the company email system that was hacked.

Corporations, said Curry, also need a professional, modern incident response capability, a real strategy for segmentation and good hygiene, and to elevate the way security is managed and operated. If details in the Guardian's report are true, Deloitte failed to deploy elementary security measures such as requiring two-factor authentication.

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