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.
