TMF and DLA Piper hit by global cyber-attack

The fund administrator and law firm have locked down their systems as a precaution.

Private equity service providers TMF Group and DLA Piper are among the businesses affected by a global cyber-attack.

Fund administrator TMF Group has suspended its systems as a precaution. “We can confirm that client data was not compromised at any time,” the company said.

Business continuity plans have begun and the firm is expected to publish an update later on Thursday, according to a source with knowledge of the matter.

DLA Piper has also been impacted, the law firm said. Email and phone systems have been affected and other networks locked down as a precaution.

DLA said: “The firm, like many other reported companies, has experienced issues with some of its systems due to suspected malware. We are taking steps to remedy the issue as quickly as possible.”

The BBC reported that the attack may have started via corrupted updates to a piece of Ukrainian accountancy software. The cyberattack has infected companies in 64 countries since it began to spread on Tuesday.

It comes a month after the WannaCry ransomware attack infected more than 230,000 computers in over 150 countries. The UK’s National Health Service, Spanish mobile phone network Telephonica, and delivery company FedEx were all affected.