QANTAS Cyber Incident

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why do hackers steal data from companies?

maybe malice in which they’ll completely screw up the targets data, or for ransom to get money.

Its illegal for a Australian company to pay bribes Overseas; is it illegal for an Australian company to pay a ransom?
It’s often primarily for the companies IP. Think countries that could benefit from that….

Otherwise, just a’holes that enjoy making cough of themselves…
 
why do hackers steal data from companies?

maybe malice in which they’ll completely screw up the targets data, or for ransom to get money.

Its illegal for a Australian company to pay bribes Overseas; is it illegal for an Australian company to pay a ransom?

When it's customer data it's general for ransom.
 
We have heard that Qantas is in contact with the hackers.

So, how's the discussion likely to to be going?

They are negotiating over our personal information, not their corporate info. No loss to Qantas if they say "get stuffed, no payment". So, how did the discussion go, I wonder?

So it's legal for an Australian company to pay bribes in Australia?

Tell us.
 
Caesars and MGM both got hacked (the two largest gaming companies in Vegas), Caesars paid the ransom, MGM didn’t.

IMO they should never pay. It only funds more hacks.
 
Given the time that's elapsed, and the necessary short time from for data hackers to get money, and the absence of any noise relating to data being released, maybe Qantas has paid the hackers.

Wonder how that might appear on the balance sheet.

When I was working in Saudi and Egypt for a very conservative Australian mining company, we were told to get everything receipted and not to pay bribes. Not a problem. We got receipts and were reimbursed for for بقشيش. (bakshish :) ). Everyone happy.
 
Given the time that's elapsed, and the necessary short time from for data hackers to get money, and the absence of any noise relating to data being released, maybe Qantas has paid the hackers.

Wonder how that might appear on the balance sheet.

When I was working in Saudi and Egypt for a very conservative Australian mining company, we were told to get everything receipted and not to pay bribes. Not a problem. We got receipts and were reimbursed for for بقشيش. (bakshish :) ). Everyone happy.

Why on earth would they do that?

They’ve already taken the PR hit. QF can never know definitively if the data has changed hands - and the data in question for many is already out there. You can see on this thread countless people blaming QF for spam, phishing etc but it’s almost certainly a co-incidence. But who knows? You’re not going to see a headline that the data has been sold. It’s the dark web, not Amazon.

Makes absolutely no sense why QF would pay and not disclose that they had, zero PR gain and a further financial loss.

The Caesars data breach of 65M customers cost them US$15M in ransom (though Scattered Spider asked for 30). Likely the board bonus cuts might just be able to pay it (assuming pro-rata on the number of customers). But I don’t think they will, and if I’m wrong on that, I would think it would be made public. However I think that would be controversial and probably a net PR negative compared to doing nothing.

The payment couldn’t be made without the federal government knowing so I’m quite sure they would be consulted, who would have a very strong preference that QF didn’t pay. This isn’t something QF can hide.
 
Why on earth would they do that?

To make the problem (hopefully) quietly go away. Not saying that they had or should, but they might. I don't see Qantas taking any high moral ground here; they'd do what is in the best interests of the company, no one else.

They’ve already taken the PR hit.

They have taken A PR hit. The issue has gone out of the public/media conscious by now.

If they don't pay: If the data is truly valuable, it'll be on-sold and the consequences will probably just form part of the scam/fraud noise. AND/OR the hackers could decide to make an example to others and embarrass the company by posting the hacked data in a very public way. That's PR hit #2.

The payment couldn’t be made without the federal government knowing so I’m quite sure they would be consulted, who would have a very strong preference that QF didn’t pay. This isn’t something QF can hide.

If its not illegal (and it appears that it isn't), then the government very strong preference is just that - a preference; big deal.

Qantas probably couldn't hide it entirely, but they could give it a red-hot go. Again, if its not illegal then it could be put through the accounts in some creative, but legitimate way. It would be apparent to auditors, but in the published accounts, just a footnote to something innocuous-sounding ("divers other uncategorised payments") .

And if it did somehow be revealed - hey, Qantas is just looking after their customer's data. Aren't we good?
 
When I was working in Saudi and Egypt for a very conservative Australian mining company, we were told to get everything receipted and not to pay bribes. Not a problem. We got receipts and were reimbursed for for بقشيش. (bakshish :) ). Everyone happy.
We used to tag/record them as 'facilitation payments', not that you can do that now :rolleyes:
 
To make the problem (hopefully) quietly go away. Not saying that they had or should, but they might. I don't see Qantas taking any high moral ground here; they'd do what is in the best interests of the company, no one else.



They have taken A PR hit. The issue has gone out of the public/media conscious by now.

If they don't pay: If the data is truly valuable, it'll be on-sold and the consequences will probably just form part of the scam/fraud noise. AND/OR the hackers could decide to make an example to others and embarrass the company by posting the hacked data in a very public way. That's PR hit #2.

I’m not sure you understand how this all works. I was a victim of the MGM hack (which as above, also refused to pay). You will never know what has come as a result of the hack.

Scattered spider aren’t out to embarrass, they are out to make money. If they can’t get ransom, it’s sold on the dark web. Qantas won’t be the first company that doesn’t pay the ransom. I think you’re a little obsessed with Qantas here.


Qantas probably couldn't hide it entirely, but they could give it a red-hot go. Again, if its not illegal then it could be put through the accounts in some creative, but legitimate way. It would be apparent to auditors, but in the published accounts, just a footnote to something innocuous-sounding ("divers other uncategorised payments") .

And if it did somehow be revealed - hey, Qantas is just looking after their customer's data. Aren't we good?

No, there are mandatory reporting requirements for paying ransom for cyber crime. Hiding it is illegal.
 

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