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9am Lowdown: Sage suffers data breach

15th Aug 2016
Editor AccountingWEB
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Accountingweb
Accountingweb

Good morning. Here is this morning’s 9am Lowdown.

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Sage suffers data breach

Sage has suffered a data breach which may have affected between 200 and 300 large UK companies

A source informed the FT that a Sage employee’s login details were used to gain unauthorised access to customer information in recent weeks. The accounting software company contacted the police over the weekend, and alerted 200 Sage UK payroll services customers that their information may have been compromised.

The data breach was first reported by the Antisocial Engineer, who reported that the customers were notified over the phone, and the forensic team were not fully aware of what data had gone missing.

In a statement, Sage said: “We believe there has been some unauthorised access using an internal login to the data of a small number of our UK customers so we are working closely with the authorities to investigate the situation.”

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Clinton releases tax returns, as Trump refuses to release his

In an interesting article from across the pond, The Atlantic has called Hilary Clinton releasing her tax return an “act of political provocation”.

Similar to how British politics used tax returns as political leverage and one-upmanship following the Panama papers backlash, Clinton’s unveiling of her tax return serves as a jab against her Republican rival, Donald Trump’s refusal to release his, titling the documents on her campaign’s website: “Hillary Clinton, Tim Kaine release tax returns while Donald Trump defies decades-old tradition of disclosure”.

Trump even featured in the video posted alongside Clinton’s tax returns, from 2012, talking about former candidate, Mitt Romney. He said: “If you didn’t see the tax returns, you would think there is almost, like, something wrong. What’s wrong?”

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Accountant stole £80,000 from two clients

A Skegness accountant has pleaded guilty to stealing almost £80,000 from two clients over a five year period.

Jane Moore admitted to two charges of fraud. These include stealing an unknown amount from a holiday camp and swiping £73,438 from a client between October 2012 and December 2015, according to the Lincolnshire Echo.

The first hearing will be on September 6 at the Lincoln Crown Court. 

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counting
By Counting numbers
15th Aug 2016 11:49

Phewwww. Wow that's series stuff.

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