Archivo de la categoría: Pacnet

Telstra’s recent buy Pacnet suffers IT security breach

Pacnet's IT network was hacked earlier this year

Pacnet’s IT network was hacked earlier this year

Telstra’s recently acquired datacentre and cloud specialist Pacnet suffered a security breach earlier this year whereby a third-party managed to get access to its IT network, the telco revealed this week.

Telstra was quick to point out that while the breach occurred on Pacnet’s IT network (which isn’t connected to Telstra’s) before its acquisition of Pacnet was finalised in April, it did do and has since done all it can to try and understand the reasons for the breach and its potential impact on customers.

The company has alerted customers, staff and regulators in the relevant jurisdictions.

Group executive of global enterprise services Brendon Riley said the investigation is ongoing, and that the company will apply its own tried and tested security technologies and techniques to Pacnet’s network.

“Our investigation found a third party had attained access to Pacnet’s corporate IT network, including email and other administrative systems, through a SQL vulnerability that enabled malicious software to be uploaded to the network,” Riley said.

“To protect against further activity we rectified the security vulnerabilities that allowed the unauthorised access. We have also put in place additional monitoring and incident response capabilities that we routinely apply to all of our networks.”

He said the firm is alerting customers of the potential impact of the breach, and hopes that the extra precautions the company has put in place will restore confidence in the firm.

The company has so far declined to comment on the scope or volume of data exposed to hackers.

Telstra seems keen to pre-empt any privacy-related regulatory challenges, something the company has had to deal with in recent years – which, it was eventually found, was due in part to its own negligence.

Last year for instance the firm was fined by the Australian Information Commissioner for making the personal details of almost 16,000 customers accessible via the internet between February 2012 and May 2013 after several spreadsheets containing customer data dating back to 2009 was found through Google Search.

Telstra’s recent buy Pacnet suffers IT security breach

Pacnet's IT network was hacked earlier this year

Pacnet’s IT network was hacked earlier this year

Telstra’s recently acquired datacentre and cloud specialist Pacnet suffered a security breach earlier this year whereby a third-party managed to get access to its IT network, the telco revealed this week.

Telstra was quick to point out that while the breach occurred on Pacnet’s IT network (which isn’t connected to Telstra’s) before its acquisition of Pacnet was finalised in April, it did do and has since done all it can to try and understand the reasons for the breach and its potential impact on customers.

The company has alerted customers, staff and regulators in the relevant jurisdictions.

Group executive of global enterprise services Brendon Riley said the investigation is ongoing, and that the company will apply its own tried and tested security technologies and techniques to Pacnet’s network.

“Our investigation found a third party had attained access to Pacnet’s corporate IT network, including email and other administrative systems, through a SQL vulnerability that enabled malicious software to be uploaded to the network,” Riley said.

“To protect against further activity we rectified the security vulnerabilities that allowed the unauthorised access. We have also put in place additional monitoring and incident response capabilities that we routinely apply to all of our networks.”

He said the firm is alerting customers of the potential impact of the breach, and hopes that the extra precautions the company has put in place will restore confidence in the firm.

The company has so far declined to comment on the scope or volume of data exposed to hackers.

Telstra seems keen to pre-empt any privacy-related regulatory challenges, something the company has had to deal with in recent years – which, it was eventually found, was due in part to its own negligence.

Last year for instance the firm was fined by the Australian Information Commissioner for making the personal details of almost 16,000 customers accessible via the internet between February 2012 and May 2013 after several spreadsheets containing customer data dating back to 2009 was found through Google Search.

Telstra, Pacnet finalise acquisition deal

Telstra is buying Pacnet to bolster its presence in the Asia Pacific cloud and managed services market

Telstra is buying Pacnet to bolster its presence in China’s cloud and managed services market

Telstra’s acquisition of Pacnet has now come to fruition, with the Australian telco today announcing it has completed the purchase of the cloud, managed services and datacentre provider. As reported by Telecoms.com in December, the valuation of the deal came in at $697m.

When initially announced, the deal came with the stipulation of agreement from regulatory bodies, as well as Pacnet financier approval. According to Telstra, all necessary approvals and agreements have now been confirmed, and the firm can now begin the full acquisition of Pacnet.

All that remains, it claims, is full regulatory approval in the United States, which it reckons is expected in due course and will not impact operations or the agreed purchase price.

Speaking on the acquisition, Telstra’s Global Enterprise and Services chief executive Brendon Riley said the integration of Pacnet will see its brand gradually retired, but that the Chinese market remains a big focus for the joint-venture.

“The addition of Pacnet’s staff, intrastructure, technology and expertise will position Telstra as a leading provider of services to multinational and large companies in Asia,” he said. “The completed acquisition will double Telstra’s customers in Asia, and greatly increase our network reach and data centre capabilities across the region. This includes the addition of the largest privately owned intra-Asia cable network, 29 data centres and the ability to further grow our China operations through existing joint venture.”

Riley concluded with a nod towards the Pacnet Enabled Network (PEN), an elastic and on-demand network based on SDN architecture, pioneered by Pacnet. PEN was one of the first live SDN-based networks launched globally.

“The acquisition provides us greater specialisation and scale, including the delivery of enhanced services, such as software-defined networking and opens up significant incremental opportunities for our business,” he said.