ADP Acknowledges HackThird Financial Corp. to be Targeted Recently
The world's largest payroll processor on June 15 announced that it had become the latest big financial company attacked by cyber criminals.
According to a corporate statement, ADP is investigating a data breach that infiltrated the company's system after a hacker compromised one of ADP's clients at Workscape, a benefits administration provider that ADP recently acquired. "The intrusion, which occurred on a non-payroll legacy platform that is no longer sold by ADP's benefits administration business, was detected by the ADP security team during routine system monitoring," ADP says.
So far, ADP believes the intrusion only affected the client that was breached. "ADP immediately notified the client to make the client aware of the situation, and continues to take all appropriate measures to investigate and to help mitigate any issues."
ADP did not name the client but said it is actively working with law enforcement to determine the cause of the incident.
In the Citi hack, attackers infiltrated Citi's online banking platform, which could have exposed personally identifiable information about hundreds of thousands of Citi customers. At IMF, a multinational organization that supports global monetary cooperation, financial stability and international trade, the hack is likely to have exposed confidential information about numerous countries in financial trouble.
ADP, based in Roseland, N.J., manages payroll systems and provides other services, such as administering benefits programs and providing computer services to car dealers. The company has about 550,000 clients.