initiative software companionship TechnologyOne (ASX: TNE) has placed its shares in a trading halt after announcing its internal Microsoft 365 back-office system was accessed illegally by cybercriminals.
The Brisbane-based company says an unauthorised third party acted illegally to access its systems, but notes its customer-facing SaaS Software-as-a-Service) platform is not connected to the Microsoft 365 system and therefore has not been impacted.