“As such, the company’s senior leadership is acutely aware a renewed look at our operations and our culture is imperative to ensure we are a reliable supplier of first-class services to our valued clients.”
The resignations follow revelations in The Australian Financial Review this week that LMW knew of a security weakness in its valuation platform in 2017, more than a year before it said it was first alerted to the vulnerability that led to the theft, according to sources.
The breach left 37,500 unique valuation records and 1680 supporting documents posted on a dark web forum for 10 days.
Timothy Rabbitt will become acting chief executive as a search gets underway for Mr Coonan’s replacement. Mr Rabbitt previously led Taylor Byrne which merged with LMW last year.
from Just News Viral https://ift.tt/2Hur1sD
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