News.net.au (NSW) – The CPA Network has been affected by a security flaw that could allow an attacker to remotely wipe your account.
News.net can exclusively reveal that the CPA Networks’ website is down for a time after the company’s CEO Paul Williams said it had been hacked.
The breach has affected the CPGA’s website, as well as a number of other websites that cater to consumers who may not have the same level of security as their financial advisers.
Mr Williams said the vulnerability had been fixed, and was the result of an attack that had been carried out on the company by someone who had infiltrated a remote system.
Mr Williams also said that the breach had been detected and was “under investigation”.
He said the company had been monitoring for the incident, and had not detected any activity that could have led to a compromise of its systems.
The CPGAs website is unavailable for some time after it went down, but a CPGAFilm spokesperson said it was working with the company to resolve the issue.
“We are aware of an incident which affected CPGa’s website that has affected some users,” the spokesperson said.
“We apologise for any inconvenience this may have caused and are actively working with CPGas IT department to resolve this issue.”
Mr Williams’ statement about the attack on the CPDAs website has since been deleted.
Newsnet’s investigation revealed that it is believed that a third-party group may have accessed the compromised system by accessing it from the CPEH (Consumer Electronic Health and Safety) website, and then stealing data on customers.
Newscom.AU is reporting that the group was able to breach the system by stealing passwords and personal information.
Mr Williamson told Newsnet that there was no proof the attack had occurred, but he added that he believed it was possible the attack may have occurred because the compromised site was accessed from outside Australia.
“I’m just saying that it’s possible it was a third party who could have accessed it from outside of Australia,” he said.
Newsom, who was re-elected last week, has also promised to make it easier for CPA investors to access their funds.
In a statement to Newsnet, CPA CEO Paul Williamson said he was sorry to those affected by the hack.
“The CPEA has been hacked, and we are working to address the issue as quickly as possible,” Mr Williamson said.
“It is important to stress that there is no evidence of any personal information being stolen, nor is there evidence that any account data has been compromised.”
Our investigation into the breach is ongoing and we will be issuing a further statement in due course.
“The CPDA has confirmed it has not been affected.