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Sage Software

Aliases: 2 aliases
Primary URL Location Industry
sage[.]com
Country United Kingdom
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Technology
Profile

Sage Software, also known as Software AG, is a provider of enterprise software solutions. The company develops and offers infrastructure software utilized by businesses globally. Its core focus appears to be on delivering software platforms and applications designed to support enterprise operations. These solutions cater to a significant international client base, serving over 10,000 enterprise customers worldwide. The company's offerings include business management platforms encompassing accounting and payroll services utilized by organizations across multiple countries. This indicates a specialization in software critical to core financial and administrative functions for businesses.

The organization has experienced significant cybersecurity incidents impacting its operations and client data. In 2016, an internal data breach occurred involving unauthorized access by an employee, leading to the arrest of a staff member. This incident potentially compromised personal information of employees from approximately 280 UK-based businesses using Sage's payroll and accounting services, prompting notifications to affected organizations. A more severe ransomware attack occurred in 2020, targeting the German entity Software AG, where attackers encrypted internal files and demanded an exceptionally high ransom exceeding $20 million. Despite initial assurances that customer systems were unaffected and customer data uncompromised, the company later confirmed evidence of data theft after failed negotiations led attackers to leak stolen sensitive information including employee passports, identification documents, emails, and financial records. Internal network disruptions persisted, although cloud services reportedly remained functional. These incidents highlight the company's substantial operational footprint handling sensitive data and its position as a major target for cybercriminals due to the critical nature of its software and the valuable information it processes.

Incidents
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2 incidents