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Incident: Pivotal Homes reports ‘ransomware attack’ weeks before liquidation | news.com.au

Incident: Pivotal Homes reports ‘ransomware attack’ weeks before liquidation | news.com.au

Australian Ransomware Attack, 3 June 2022

Queensland based builder Pivotal Homes reports ‘ransomware attack’ weeks before liquidation

Up to six months of records have reportedly been lost

Source: Pivotal Homes reports ‘ransomware attack’ weeks before liquidation | news.com.au

Related incidents from Queensland and the Building and Construction industry.

Liquidators of the under-fire building company Pivotal Homes have revealed the business was hit by a ransomware attack just weeks before it collapsed.

The hack will mean financial information about the company will have to be pieced together using paper records.

Managing director Michael Irwin announced the organisation had gone into liquidation last week, citing rising labour and construction costs as the reason it was impossible to carry on.

Mr Irwin estimated the company has debts exceeding $3.6 million and said the “lost data” meant there were “no accurate records” of exactly how much is owed.

Mr Irwin estimated the company has debts exceeding $3.6 million and said the “lost data” meant there were “no accurate records” of exactly how much is owed.

According to the Courier Mail, Liquidator Chris Cook said the attack was “legitimate” and had corrupted the company’s files.

 


About The Author

Steven Kirby

I provide independent and practical consultancy services through raising awareness and fostering the energy for change that delivers improved business management of information security governance, risk and compliance.

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