Craneware (LSE:CRW) has confirmed that it recently identified and contained a cyber security incident involving unauthorised access to part of its data environment. Following the discovery, the company activated its incident response procedures and appointed external cyber security and forensic specialists to work alongside its internal IT team. Craneware said the incident has been contained and that customer services and day-to-day operations have continued without disruption. Relevant regulators and law enforcement agencies in both the UK and the United States have also been informed.
Initial investigations indicate that a significant number of file names were accessed and copied. The company said the information primarily consisted of non-sensitive or publicly available regulatory data, although some employee, customer and business partner records were also affected. Craneware is continuing its forensic investigation to determine the full scope of the incident, identify any individuals or organisations impacted and complete any notifications required under applicable data protection regulations. The company has committed to providing further updates as the investigation progresses.
Craneware continues to benefit from strong underlying financial fundamentals, including high gross margins and relatively low leverage. However, its share price remains below key technical levels, while valuation is supported by a moderate price-to-earnings ratio of around 22.6 and a dividend yield of approximately 2.43%.
More about Craneware
Craneware plc is a UK-based healthcare technology company that provides financial and operational software solutions for hospitals and healthcare organisations. Its cloud-based Trisus platform combines revenue management, financial intelligence and advanced analytics to help healthcare providers improve operational performance and maximise financial sustainability.
As a Microsoft partner, Craneware delivers integrated technology solutions designed to simplify complex healthcare finance processes and support data-driven decision-making across the healthcare sector.
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