Maritime Computer Emergency Response Team ADMIRAL dataset ADMIRAL dataset

Publicly disclosed information for this event

Index Number:
Title:
2014_004
False wiring transfert between two companies of the maritime sector.
Day Month Year Country Activity Incident Type
XX November 2014 Canada Logistics Scam

Summary

The victim is a Canadian company engaged in mineral exploration and the development of seafloor copper, gold, silver, and zinc mining projects. They have affiliations with a Dubai-based marine solutions company and were in the process of providing a charterer's guarantee for an offshore project.

According to sources, there was an incident in which the victim mistakenly made a $10-million deposit into an unauthorized account instead of to the Dubai-based company. This occurred during late November 2014, and the discovery of the error was made in December.

Upon realization, the situation was promptly reported to authorities and an investigation was launched. The company has collaborated with its Dubai-based partner to find a resolution. Furthermore, both entities will decide on the steps to take regarding the misdirected funds once the investigation concludes, which is anticipated to span several months. Meanwhile, the ongoing construction of the related vessel remains unaffected.

Victim

Nautilus Minerals and Marine Assets Corporation

Claimed/Reported Threat Actor

N/A

Origin

Cybercrime

Main impact

Integrity

References

  1. https://www.miningweekly.com/article/nautilus-minerals-the-victim-of-a-cyber-scam-prepays-10m-to-wrong-account-2015-02-02
  2. https://en.wikipedia.org/wiki/Nautilus_Minerals
  3. https://www.engineeringnews.co.za/print-version/nautilus-minerals-the-victim-of-a-cyber-scam-prepays-10m-to-wrong-account-2015-02-02
  4. https://www.sec.gov/Archives/edgar/data/1366852/000106299316007631/exhibit2-8.htm

Recommendations to Logistics to reduce Scam risks:

  • Train personnel to recognize common scam tactics and red flags.
  • Implement email filtering and web filtering systems to block known scam websites and emails.
  • Educate employees about the risks of sharing sensitive information with unknown entities.
  • Establish clear and safe communication channels for reporting potential scams within the organization.
  • Regularly update scam threat intelligence from your CSIRT organization to stay informed about emerging scams.
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Files generated on Monday, 11th December 2023.
ADMIRAL is licensed under the Creative Commons CC-BY-NC license. Copyright © France Cyber Maritime 2023.