CGI Federal Reports Data Breach Affecting Thousands of Employees
CGI Federal, the IT contractor and division of CGI Inc, disclosed a data breach that exposed the personal information of approximately 6,000 current and former employees. The U.S. Government Accountability Office confirmed the breach occurred last month.
The affected personnel are those who have worked for CGI Federal between 2007 and 2017. Sensitive information, including names, social security numbers, addresses, and some banking details, was compromised.
CGI Federal attributes the incident to a vulnerability present in a third-party platform utilized by the company. Further investigation into the matter will be carried out to determine the full extent of the breach, with CGI Federal taking the lead in providing additional details.
In recent years, CGI Federal has made efforts to prioritize cybersecurity and has successfully obtained numerous contracts from various U.S. federal agencies. Their primary goal is to safeguard federal networks by offering top-notch IT protection services.
Analyst comment
Negative news. The data breach will likely have a negative impact on CGI Federal’s reputation and may result in financial losses. The market may respond by expressing concerns about the company’s cybersecurity measures and potential contract cancellations.
