Nautilus Minerals and MAC “Victims of Cyber Attack”

Nautilus Minerals (TSX:NUS,OTCQX:NUSMF) reported Monday that itself and Marine Assets Corporation (MAC) had been victims of a cyber attack, which led Nautilus to make a US$10 million payment intended for MAC into the wrong account.

As quoted in the press release:

In December 2014, it was discovered that the Company and MAC had been victims of a cyber attack by an unknown third party and as a result, the Company paid the Deposit to a bank account which it believed to be MAC’s, but which MAC has advised was not its account.

The matter was promptly referred to the police authorities in the relevant jurisdictions and an investigation is underway. The Company has also engaged a cyber security firm to ensure the ongoing security of its and MAC’s networks and to investigate the source of the cyber attack. MAC and the Company are co-operating with each other and the authorities to facilitate the timely resolution of the investigations.

Click here to read the Nautilus Minerals (TSX:NUS,OTCQX:NUSMF) press release