Technology One (ASX:TNE) confirms no further illegal activity from May 10 cyber attack

• Technology One (TNE) detects no further illegal activity after an unauthorised third-party gained access to its internal Microsoft 365 back-office system on May 10
• The company confirmed information held in its back-office system was separate from customer information and data on its SaaS platform
• Technology One acted swiftly to the breach, calling on leading security and forensic experts, among other specialists, to work through containment measures
• Investigations continue to determine what data was accessed via TNE’s back-office system
• TNE shares are up 1.64 per cent and trading at $14.90 at 1:41 pm AEST

Technology One (TNE) has detected no further illegal activity after an unauthorised third-party gained access to its internal Microsoft 365 back-office system on May 10.

The company confirmed that information held in its back-office system was separate from customer information and data on its SaaS platform, which is safe and secure.

Investigations remain ongoing to determine what data was accessed via TNE’s back-office system.

The company reported it acted immediately to initiate its cyber response strategy in response to the incident, calling on leading security and forensic experts, among other specialists, to work through containment measures.

Technology One aims to update its shareholders and the market on its performance and outlook in May with the release of its 1H 2023 financial results.

TNE shares were up 1.64 per cent and trading at $14.90 at 1:41 pm AEST.