Tipalti, a leading global payment automation company, announced on that they are currently investigating a ransomware attack on their system. The attack occurred late last month and is believed to have been executed by a sophisticated criminal organization.
The breach has potentially exposed sensitive customer data, including financial information and personal details. Tipalti’s cybersecurity team immediately initiated an investigation and has been working diligently to contain the attack, assess the extent of the damage, and mitigate any potential risks to their clients.
Global payment automation has become increasingly vital for companies managing a high volume of transactions. Tipalti, with its advanced platform, facilitates secure and efficient payment processing, ensuring seamless experiences for clients and their payees.
With the rise in cyberattacks in recent years, companies of all sizes have had to ramp up their security measures. However, even with robust systems in place, determined hackers can find vulnerabilities and breach networks. The attack on Tipalti serves as a stark reminder that no organization is immune.
Tipalti CEO, Chen Amit, issued a statement to reassure their clients, stating, “We take the security of our clients’ data very seriously, and we are doing everything in our power to investigate this attack thoroughly. Our top priorities are to contain the incident, protect our customers’ information, and restore normal operations as swiftly as possible.”
The investigation into the ransomware attack is complex and involves cooperation with external cybersecurity experts. This investigation aims to identify the source of the breach, the data compromised, and the potential impact on Tipalti’s clients and partners.
Tipalti has also been in contact with law enforcement agencies to report the incident and assist in bringing the responsible parties to justice. The company is committed to keeping their clients informed throughout the process and to implementing additional security measures to prevent future attacks.
It is crucial for affected customers to remain vigilant and take precautions against potential phishing attempts or suspicious activity related to their payment information. Tipalti advises its clients to regularly change their passwords, monitor their financial accounts closely, and report any irregularities immediately.
To receive updates on this ongoing investigation, customers can visit the official Tipalti security incident webpage. Regular communications will be provided as new information becomes available.
Source: Tipalti Newsroom