Australian Intellectual Property Services Provider Reports Data Breach

IPH Ltd, an intellectual property (IP) services provider, reported a data breach in a portion of its IT systems, becoming the latest Australian company to be targeted by hackers and sending its shares tumbling 12%. IPH said it detected unauthorized access to document management systems, which include administrative documents, and some client documents and correspondence, at its head office and two member firms, Spruson & Ferguson (Australia) and Griffith Hack.