Ipswitch, a privately owned company headquartered in the US, was founded in 1991 and employs approximately 90 individuals. The company specializes in software development, focusing on IT management software for small and medium-sized businesses.
On March 17, 2026, a Nebraska bank agreed to a preliminary $2.4 million settlement for a MoveIt data breach, a development that highlights the indirect liability financial institutions face when third-party software vendors experience significant security failures. Victims of the Union Bank and Trust breach are eligible to claim up to $10,000 for extraordinary financial losses resulting from the incident.
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