Deloitte Is the Latest Target of a Cyber Attack With Confidential Client Data at Risk

Global accountancy firm Deloitte has been hit by a sophisticated hack that resulted in a breach of confidential information and plans from some of its biggest clients, Britain’s Guardian newspaper said on Monday.

Deloitte—one of the big four professional services providers—confirmed to the newspaper it had been hit by a hack, but it said only a small number of its clients had been impacted.

The firm discovered the hack in March, according to the Guardian, but the cyber attackers could have had breached its systems as long ago as October or November 2016.

The attack was believed to have been focused on the U.S. operations of the company, which provides auditing, tax advice, and consultancy to multinationals and governments worldwide.

“In response to a cyber incident, Deloitte implemented its comprehensive security protocol and began an intensive and thorough review including mobilizing a team of cybersecurity and confidentiality experts inside and outside of Deloitte,” a spokesman told the newspaper. “As part of the review, Deloitte has been in contact with the very few clients impacted and notified governmental authorities and regulators.”

A Deloitte spokeswoman declined immediate comment, saying that the firm would issue a statement shortly.

Tech

IDG Contributor Network: The high cost and risk of On-Premise vs. Cloud

When was the last time I bought an on-prem application?  Over five years ago and I am not looking back. Having been a CIO for many years, I have seen my share of large-scale software implementations and the maintenance and upgrade overhead that comes with on-prem applications. The numbers are varied, but it’s safe to assume that 30-40% of companies have moved into the Cloud and use it as a resource for their applications and/or infrastructure.

Should you simply jump into the pool with the others?  Of course not. First off, a simple “lift and shift” of applications from on-prem into the Cloud will produce minimal benefit if any, and those may be consumed by the resources required for the move itself. That said, a careful strategy to re-engineer your applications platform into the Cloud could have significant cost savings and operational efficiencies. A very detailed TCO (Total Cost of Ownership) is required before making such a strategic decision. There are a variety of published methods for calculating TCO.  My advice is to make friends with the team in Finance and together agree on which method is best for your environment.  Then partner with Finance to do the TCO.  If it has Finance’s fingerprint on it, the credibility ranking goes real high.  

To read this article in full or to leave a comment, please click here

CIO Cloud Computing

On-premises HR users risk being left behind, Oracle says

Oracle is telling customers that the future of its HR platform will be in the cloud. It’s trying to do this without alarming users who host its applications internally.

Users of on-premises PeopleSoft and E-Business Suite HR system users won’t be abandoned as cloud use grows, Oracle promises. These systems will get regular updates and new features. There’s no end-of-life risk, said Mark Hurd, Oracle’s CEO. “No worries about that,” he said.

Even with that, however, Oracle’s cloud-basedHuman Capital Management (HCM) system will see many more new features and will pull ahead in capability over on-premises systems, said Hurd.

To read this article in full or to leave a comment, please click here

Computerworld Cloud Computing