Property platform PEXA investigating incident and data breach

Property settlement platform PEXA has identified unauthorized access to its digital certificate data stored with a third-party provider. Although the breach did not compromise the PEXA system or the Pexa Exchange, as a preventive measure, the company has decided to reissue digital certificates for about 5% of its user base, equating to 60 to 80 subscribers.

While this represents a small fraction of affected businesses, it's essential to recognize that several users might use a single certificate within a business.

The exposed data mainly included basic business contact details, and PEXA asserts that any digital signing with the affected user certificates would still necessitate multi-factor authentication. There's no indication that these authentication processes have been breached.