Nautilus Minerals NUSMF (NUSMF)

[morongobill]

"$10m shipbuilding deposit misdirected after cyber attack An investigation has been launched, Nautilus Minerals says."
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by Kip Keen | 2 February 2015 18:21
"A $10 million deposit on a ship-building contract as part of an underwater mining project was stolen as part of a cyber attack, Nautilus Minerals, a Canadian-listed junior said Monday.
Nautilus said it “paid the deposit to a bank account which it believed to be MAC’s (the shipbuilder), but which MAC has advised was not its account.”
The misdirected payment was made following “a cyber attack by an unknown third party.”
Nautilus said it has since turned the issue over to authorities that an investigation has started.
Meantime, it has agreed with MAC to pay $10 million of an $18 million payment that was to be paid once the vessel was officially chartered.
“The original deposit of $10 million was lost, so as an act of good faith we’ve prepaid $10 million of the $18 million charter guarantee,” John Elias, Natilus’ North American spokesperson said in an email Monday.
As for payment of the deposit to MAC, Nautilus said the two parties would address the matter after the police investigation.
Elias said he did not have more details to share on how the cyber attack unfolded.
Nautilus Minerals is developing a seafloor mining project off the coast of Papua New Guinea."