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IPH continuing to investigate cyber incident

IPH Limited has updated the market on an investigation the firm is currently conducting, following a cyber breach earlier this month.

user iconLauren Croft 27 March 2023 Big Law
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In an ASX announcement on Friday (24 March), the IP firm advised shareholders it was continuing to work with external cyber security and forensic IT advisers to respond to, and conduct a forensic investigation into, a recent cyber incident.

This comes after the listed firm halted trading on the ASX on Tuesday, 14 March, after detecting unauthorised access to a portion of its IT environment on Monday (13 March).

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The cyber attack was on two of the intellectual property law group’s member firms: Spruson & Ferguson (Australia) and Griffith Hack. 

The breach is, according to IPH, primarily related to the document management systems (DMS) of the IPH head office, plus the practice management systems (PMS) of both Spruson & Ferguson (Australia) and Griffith Hack. Upon becoming aware of the incident, IPH immediately isolated these compromised systems and removed them from its network.

“IPH advises that it has now established new network infrastructure following a strict restoration process, and key system functionality has now been restored. Under the advice of cyber security experts, security has also been further enhanced, including additional preventative and detective controls to protect the IPH network,” the firm said in a statement.  

“The new systems are now in use by the two affected IPH member firms, and their transition back to normal operating procedures on these new systems is underway. All other IPH member firms continue to operate as normal.”

While the investigation will reportedly “take some time”, the firm has notified the Australian Cyber Security Centre (ACSC) and is working with external cyber security and forensic IT advisers to conduct a forensic investigation.

IPH said it is continuing its response to the “extent of and nature of the unauthorised access to the IT environment and data held within it”, in an investigation that is expected to extend over a number of weeks.

Lauren Croft

Lauren Croft

Lauren is a journalist at Lawyers Weekly and graduated with a Bachelor of Journalism from Macleay College. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications and Travel Weekly. Originally born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling. She is also a keen snowboarder and pre-pandemic, spent a season living in a French ski resort.

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