PwC Caught in the Crossfire: Australian Fallout from Major Cyber Breach Deepens

There has been a severe scandal going on at the accounting firm PwC over the past few weeks involving a tax scam and the company was dealt another blow as Russian hackers have just managed to steal sensitive information. 

It has come to the attention of PwC that a notable cyber breach has so far affected 267 Australian companies, and would also have a significant impact on many more corporations from other countries. In a recent attack on popular file-sharing software, cybercriminals with Russian connections broke into the system, which resulted in new high-profile attacks on the system. 

During the last week of May, clop, a cybercrime group, made its first attempt to break into the MOVEit file-sharing service. The company had begun the theft of data from various institutions, including agencies of the US federal government, Shell, the BBC, and many others. As more and more companies reveal that they have been targeted by the data breach, which has affected rival consultancy EY as well, this breach is expected to grow much larger by the day. 

The cybercrime group reportedly obtained client data after hacking third-party software called MOVEit, which PwC used to transfer confidential information. 

The hackers, who have execut

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