Altegrity Inc., the security firm that vetted National Security Agency, filed for bankruptcy after state-sponsored hackers cost it two government contracts, Bloomberg reports.
Since August 2014, Altegrity Inc., the government contractor principally owned by private equity firm Providence Equity Partners, has been dealing with the consequences of a cyber-attack in one of its units, US Investigations Services (USIS). The breach raised alarms because it exposed the personal details of an estimated 25,000 employees of the Department of Homeland Security, U.S. Immigrations and Customs Enforcement, and the U.S. Customs and Border Protection agency, databreaches.net informs.
Already under some strain from the Department of Justice charging them in January 2014 with bilking the government out of millions of dollars for improper background checks, Altegrity suffered a third major blow when the Office of Personnel Management (OPM) announced that it would not extend its contracts with USIS past the September 30, 2014 expiration.
Bloomberg: The restructuring came in response to the government’s “unforeseen” decision to end “substantial” contracts last year after a hacking attack that Chief Financial Officer Jeffrey Campbell described in a court filing as a “state-sponsored data intrusion.” The vetting jobs had brought in $304 million in the latest 12 months, or 22 percent of revenue, he said.
