cyber
confidence high
sentiment negative
materiality 0.85
Maximus reports MOVEit breach affecting 8-11M individuals; records $15M expense
MAXIMUS, INC.
- Unauthorized third party exploited MOVEit zero-day; accessed personal info of 8 to 11 million individuals.
- Data includes SSNs, protected health info, and other personal data; free credit monitoring offered.
- Company estimates $15M expense for Q3 FY2023 for investigation and remediation activities.
- No material business interruption; internal IT systems beyond MOVEit unaffected.
- Cooperation with law enforcement; notification to customers, regulators, and affected individuals ongoing.