Australia- IPH takes proactive steps to mitigate cybersecurity risk with network infrastructure upgrade. IPH Ltd (IPH.AX), a provider of intellectual property services. Following the recent data breach, the company has successfully established new network infrastruture.
Recently, the company reported unauthorized access to its document management system. The attack included administrative and access to client documents and correspondence at its head office including two member firms. Two of the company member firms, Spruson & Ferguson and Griffith Hack have started using the new system.
IPH and Latitude under cybersecurity breaches
Meanwhile, fintech firm Latitude Group Holdings (LFS.AX), which also reported a cyberattack last week, had to take its platforms offline to address the issue.
IPH and Latitude are among the many Australian companies that have recently reported cybersecurity breaches. Experts have attributed the rise in these incidents to the country’s understaffed cybersecurity industry.
As cyberattacks continue to pose a significant threat to Australian businesses. Many are urging companies to take a proactive approach to cybersecurity. This includes investing in robust network security measures, conducting regular cybersecurity audits, and providing employees with regular training on best cybersecurity practices.
