POWERED BY MOMENTUM MEDIA
Iress data breach extends to OneVue, firm says
Iress has said that incident involving the unauthorised access reported this week extends beyond what was initially reported.
In an ASX listing, Iress said it has been investigating unauthorised access to its user space on GitHub, a third-party code repository platform that manages software code.
“In the course of the investigation, it has now been discovered that a credential within Iress’ GitHub user space was stolen and used to gain access to Iress’ OneVue production environment,” the firm said.
While this production environment is isolated to the OneVue businesses – MFA, Platform, and OneVue Super – the OneVue “production environment” contains client data.
Iress said it is investigating the “extent and nature of the data accessed”.
“Investigations have substantially progressed across Iress’ other business lines and at this time we have found no evidence that the remainder of Iress’ production environment, software or client data has otherwise been compromised,” the firm said.
“Iress will continue to keep the market informed as the investigation continues.”
In an ASX announcement on Monday morning, the technology firm said it “detected and contained” an unauthorised access of its user space on GitHub on Saturday.
GitHub is a third-party code repository platform that manages software code before it goes live in production on a separate platform.
At the time, the firm said that “Iress does not store client information on GitHub”.
“There is no evidence that client data has been compromised as a result of this issue. There is also no evidence that Iress’ production or client software has been compromised,” Iress said on Monday.
The circumstances have, however, now changed.
In April, Iress said it sold its platform business to Praemium for an initial $1 million in cash consideration and a further payment of up to an additional $20 million over an 18-month period as milestones are met.
At the time, Iress said an 18-month migration process will follow to move OneVue clients to the Praemium platform technology.
Recommended for you
The strength of the US economy has driven “an extremely pleasing” result for the Australian sovereign wealth fund.
The industry superannuation fund-owned global private markets manager is set to launch three new private market strategies backed by the UK’s largest pension scheme.
The $92 billion fund has pinpointed key megatrends that are expected to disrupt markets in the coming years.
Brighter Super’s Index Balanced pension option delivered 16.76 per cent in calendar year 2024, while its Stable pension option returned 8.02 per cent.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Ausbil Active Dividend Income Dis AUD
134.89 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.74 3 y p.a(%)
3
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
4
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
