A malware attack at accounting software company Wolters Kluwer wreaked havoc on the firm this week, as reports stated the cyber event has spread “quiet panic” throughout the industry.
Wolters Kluwer, which provides cloud services and tax accounting technology for other accounting firms in the U.S., was hit by a malware attack this week, shutting down its access to its tax return database, reports in CNBC said on Thursday (May 9). The event began on Monday with downtime lasting into Wednesday, sparking security concerns throughout the accounting sector and shutting many accountants out of systems they need to operate.
Storage services and tax and accounting services were shut down for accountant clients beginning Monday, rendering those clients unable to work or access their own clients’ information.
One accountant at a Midwest-based firm told the publication that…
