- Communications services provider Sangoma Technologies (STC) was recently the victim of a targeted cyberattack by an as-yet unknown digital assailant
- The attackers have since published a significant number of confidential files relating to the company’s financial information
- However, it is believed that no bank account or payment card data was stolen in the attack
- The investigation has also uncovered no evidence that any of Sangoma’s products or services have been impacted or compromised
- In response, Sangoma has brought on a team of third-party cybersecurity experts and is currently filing a report with the relevant authorities
- Sangoma Technologies 6.38 per cent down and is trading at C$3.23 per share
Communications services provider Sangoma Technologies (STC) was recently the victim of a targeted cyberattack by an as-yet unknown digital assailant.
The attacker appears to have published a significant number of confidential files relating to the company’s financial information, its corporate development and M&A efforts, certain private employee data, as well as certain customer information and ordering history.
However, it is believed that no bank account or payment card data was stolen in the attack.
In another silver lining for the company, the investigation has also uncovered no evidence that any of Sangoma’s products or services have been impacted or compromised by the cyberattack.
In the immediate aftermath of the attack, Sangoma brought on a team of third-party cybersecurity experts and is currently filing a report with the relevant authorities. Meanwhile, to aid those employees who lost data in the breach, Sangoma is providing 24 months of credit and dark web monitoring to protect from credit and identity theft.
On behalf of the entire management team and board at Sangoma, Bill Wignall, President and CEO of Sangoma apologized to customers, employees, partners and all other stakeholders for the stress and inconvenience caused by this cyber-attack.
“We have been working around the clock throughout every day of this holiday period and will continue to do exactly that. At the same time, I want to be completely clear that this incident has had no impact on our corporate strategy or execution,” he added.
Sangoma Technologies 6.38 per cent down and is trading at C$3.23 per share at 1:23am EST.