Australian Perpetual on Wednesday confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client investments and its own systems were unaffected and secure. 'Perpetual's listed products, institutional mandates, Pendal, Pe
Australian Perpetual on Wednesday confirmed an extended tech outage over an IT security incident, affecting some of its funds, though the fund manager reaffirmed that all its client investments and its own systems were unaffected and secure.
Since the onset of September last year, the country's corporate industry has seen an alarming uptick in cybersecurity incidents, with some of the latest targets being TechnologyOne Ltd and Medibank Ltd. However, the company on Wednesday confirmed its core systems were restored and processing of client transactions, including payment of withdrawals, recommenced.
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