Proactis expecting no financial impact from May cyberattack

(Sharecast News) - Business spend management company Proactis said on Tuesday that forensic investigations into the cybersecurity incident it first detected on 16 May had now been completed.
The AIM-traded firm said the investigations confirmed that none of its customer systems were compromised, and only a "very small amount" of "low-level internal and non-commercially sensitive data", limited to a standalone, services-based business unit in the United States, was accessed by the perpetrators.

It said the effectiveness of the network segregation it had in place played a "key part" in protecting its data during the incident.

The company confirmed there would be no material financial impact on Proactis as a result of the incident.

It added that it was continuing to work with the relevant regulators and law enforcement agencies, including the Information Commissioner's Office, to ensure that any follow-up action required takes place.

"Our response to this cyber incident has been highly professional, putting our customers and employees first at all times," said chief executive officer Tim Sykes.

"Our robust business continuity plans worked well.

"We also remain grateful that our network segmentation and wider IT infrastructure monitoring limited the impact of this incident on our wider business."

At 1151 BST, shares in Proactis Holdings were down 0.68% at 73.5p.