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Shipbuilder Austal was hacked with stolen creds sold on dark web
From: InfoSec News <alerts () infosecnews org>
Date: Fri, 10 Apr 2020 06:57:30 +0000 (UTC)
https://www.itnews.com.au/news/shipbuilder-austal-was-hacked-with-stolen-creds-sold-on-dark-web-546165 By Ry Crozier iTnews.com.au April 8, 2020Austal, the ASX-listed shipbuilder and defence contractor, was compromised in late 2018 by an attacker who used login credentials purchased on a dark web forum, but who then failed to extract much of value or secure a ransom to have it returned.
CEO David Singleton provided a full post-mortem of the mid-October 2018 breach last week - which he said included a grilling from senior government ministers - and revealed cyber defences put in place afterwards had saved the company from credential phishes as recently as the past fortnight.
Singleton said the company was breached in October 2018 using stolen credentials sold on the dark web, a place he characterised as a kind of “parallel universe… where criminals hide and where criminality is rife”.
“I still don't really know what [the dark web] is,” Singleton told a recent industry event.
[...]
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