Displaying items by tag: MyBudget

Australian drinks manufacturer Lion has been forced to take down its IT systems following what is said to be a cyber incident.

ANALYSIS The Federal Government needs to take a serious look at beefing up its law on data breaches considering the way in which companies refuse to divulge whether their clients data is at risk, with a prime case being Australian money management firm MyBudget.

Two more Australian companies have been hit by attackers using the Mespinoza/Pysa Windows ransomware, the same malware that was used to take down the Australian money management firm MyBudget, security sources have told iTWire.

The saga surrounding Australian money management firm MyBudget is yet to end, with the ransomware group which infiltrated its servers now removing the company's name from the site where it advertises the names of victims who have not acceded to its ransom demands.

The ransomware that hit Australian money management firm MyBudget appears to be Mespinoza/Pysa, with the people behind the incident warning that documents from the company would soon be put up on its website, security sources have told iTWire.

Australian money management firm MyBudget has finally managed to resurrect its client Web portal after an outage that lasted from 9 May to 22 May.

Week two of the Australian money management firm MyBudget's outage is coming to an end and there appears to be no end in sight to the company's woes, with the latest update, issued on Thursday night, informing world+dog that some of its client care members will be working on Saturday. Today (Friday) is the 13th day of the outage.

As Australian money management firm MyBudget enters the 11th day of an outage with its customer web portal still unaccessible, it's beginning to look like the company has an additional problem: poor communication. The outage has been blamed on unspecified ransomware.

Australian money management firm MyBudget's latest update on its technology woes is that the situation is the same as that which existed on Monday morning: automated systems are up but the Web portal is not working.

Nine days after it suffered a systems outage that took it offline, Adelaide-based money management company MyBudget says its automated systems are up again, and scheduled payments to clients are being made automatically.

Adelaide-based money manager MyBudget has been offline since 9 May due to technical issues, according to statements on the company's website.

Australian personal budgeting provider MyBudget has appointed experienced US fintech executive Jason Dell to the position of chief technology officer.