Cash Converters’ UK website receives cyber threat

Company News

by Kathy Skantzos

Second hand retailer Cash Converters (ASX:CCV) received a cybersecurity email threat which claims to have gained unauthorised access to customer data through one of its UK websites, Webshop, which is operated by a third party in the UK.

User records of the Webshop site may have been accessed, including personal details, purchase history and passwords. Full credit card details are not stored on the platform, however some customers may have masked credit card information stored on the website.

The threat included the widespread release of the data unless it receives a financial payment.

The company said the potential impact is limited to Cash Converters’ UK operations and customers, and said its Australian operations and FY2018 results will not be impacted.

Cash Converters is investigating the matter and has raised the issue with relevant authorities in the UK and Australia and is communicating with affected customers.

Shares in Cash Converters (ASX:CCV) closed 1.39 per cent lower to 35.5 cents.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.