It’s often primarily for the companies IP. Think countries that could benefit from that….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?
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?
So it's legal for an Australian company to pay bribes in Australia?Its illegal for a Australian company to pay bribes Overseas; is it illegal for an Australian company to pay a ransom?
So it's legal for an Australian company to pay bribes in Australia?
It would seem so, and likely very possible some Aussie companies have paid ransoms, just not widely reported.Interesting. So as long as the Qantas 'ransomers' aren't Sanctioned, they can carry on.
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.
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.
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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 nowWhen 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.
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.
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?