Incident: Sydney startup Qnect hit by cyber attack as government commits $15 million in cyber security grants for SMEs | SmartCompany

Incident: Sydney startup Qnect hit by cyber attack as government commits $15 million in cyber security grants for SMEs | SmartCompany

Australian Information Security Incident Reported: June 1 2017

Sydney-based events and ticketing startup Qnect has been hit by a cyber attack that involved thousands of its users receiving threats that their data would be posted online unless the business paid the attacker’s ransom.

The attack was not a direct assault on the company’s databases. Instead, Liang said one employee fell victim to a phishing email sent by the attackers, allowing them access to the company’s system.

Users were invited by the hackers to email the Qnect founders to “convince them to pay”. The Qnect platform is often used by universities in the region to organise social events.

The attack was not a direct assault on the company’s databases. Instead, Liang said one employee fell victim to a phishing email sent by the attackers, allowing them access to the company’s system.

Source: Sydney startup Qnect hit by cyber attack as government commits $15 million in cyber security grants for SMEs – SmartCompany

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