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Microlise Group plc reported a cyber incident on 31 October 2024, stating that a large portion of its services were affected after detecting unauthorised activity on its network, resulting in disruption and inactive services. The Company has appointed external cyber security specialists and notified relevant regulators and law enforcement agencies, including the UK Information Commissioner's Office. Microlise also has relevant cyber insurance and is in discussions with its insurance provider.
| Date | 31 Oct 2024 |
| Time | 17:40:14 |
| Category | Corporate updates |
| ID | 4949K |
31 October 2024
Microlise Group plc
("Microlise", the "Company" or the "Group")
Notice of Cyber Security Incident
Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, reports that a large portion of the Company's services have been affected by a cyber incident after detecting unauthorised activity on the Microlise network. This has resulted in disruption to services which are currently inactive.
The Board has appointed external cyber security specialists whose investigations are underway to establish the nature and extent of the incident. The Microlise team is working hard to quickly bring the affected services back online.
The Company has notified the relevant regulators and law enforcement agencies, including the Information Commissioner's Office in the UK. We are mindful of our obligations regarding data; it is too soon yet to make any determination around the impact this incident has had on personal data, but we will inform any individuals in line with our regulatory obligations should there be a need to do so.
The Company has relevant cyber insurance and is in discussions with its insurance provider. The Company does not currently anticipate that this incident will have a material adverse impact on its forecasts or financial position.
The Company will inform the market if there are any notifiable changes to the situation.
Microlise would like to thank customers for their patience and understanding while it works to resolve this issue as quickly as possible.
For further information, please contact:
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Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO
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C/O SEC Newgate |
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Singer Capital Markets (Nominated Adviser & Broker) Steve Pearce / James Moat / Sam Butcher
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Tel: 020 7496 3000 |
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SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside
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Tel: 020 3757 6880 Email: microlise@secnewgate.co.uk |
About Microlise
Microlise Group Plc is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.
Established in 1982, Microlise is an award-winning business with over 400 enterprise clients. With 463 employees based at the Group's headquarters in Nottingham in the UK, the Company also has offices in France, Australia, and India, with a total global staff base of over 750.
Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange's Green Economy Mark.