Global newswire service Business Wire said on Tuesday that it is working with the U.S. Department of Justice to investigate a cyberattack that may have allowed malicious actors to gain unauthorized access to non-public, market-moving information stored on its news distribution platform.
The company, which is used by hundreds of public companies to deliver their material news and fulfill their regulatory disclosure requirements, said it has hired a cybersecurity firm to conduct forensic testing of its systems.
The Berkshire Hathaway-owned news service provided few details, but described the attack as a “sophisticated global hacking scheme” that allegedly landed sensitive information in the hands of attackers.
“Security is our number one concern at Business Wire,” said Cathy Baron Tamraz, the company’s CEO, said in a statement. “We devote substantial resources annually to security, including multiple security audits by leading industry consultants. Protecting the confidential information of our clients is of paramount importance. Despite extreme vigilance and commitment, recent events illustrate that no one is immune to the highly sophisticated illegal cyber-intrusions that are plaguing every aspect of our society.”
It is unclear who may behind that atttack, but other threat actor groups have targeted sensitive corporate data from public companies in the past.