Tribal Reports Data Breach In Australia; Other Operations Unaffacted

(Alliance News) - Tribal Group PLC shares fell Monday after the education software and services ...

Alliance News 12 August, 2019 | 10:17AM
Email Form

(Alliance News) - Tribal Group PLC shares fell Monday after the education software and services provider reported a data breach at an Australian subsidiary.

The company said it has been made aware of the unauthorised disclosure and likely access of personal information of approximately 9,300 individuals, held by unit Tribal Campus.

Tribal Campus held the data in its capacity as a provider of a student information system to MEGT, an educational organisation in Australia.

Shares in Tribal Group were down 4.7% at 70.50 pence each in London.

"Upon discovery of the unauthorised disclosure, immediate steps were taken by Tribal to secure the data and external forensic cyber security experts were appointed to investigate the circumstances and scope of the incident," the company said in a statement.

Tribal has contacted affected individuals and advised on the steps they should take. It also continues to work closely with the regulator in Australia, while investigations over the data breach remain ongoing.

The company also confirmed that the Australian data breach was an isolated incident relating to the migration of data for a single Tribal Campus customer in Australia involving a non-production system.

"No other customers, products or regions have been affected," the company said, adding that trading for the full year remains in line with board's expectations.

Tribal does not expect costs relating to the data breach to be material. It is slated to release its interim results on August 20.

By Tapan Panchal;

Copyright 2019 Alliance News Limited. All Rights Reserved.

Email Form

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Tribal Group PLC 53.00 GBX -3.64 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

Audience Confirmation

By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies