🗞️Exfiltrated Data from Northern Minerals on Dark Web

The company's cyber security consultant informed Northern Minerals Limited (ASX: NTU) (Northern Minerals or Company) today that some of the exfiltrated data has been released on the dark web.

Northern Minerals became aware of the breach in late March 2024. In line with the company’s governance practices and protocols, Northern Minerals immediately notified external stakeholders, including the Australian Cyber Security Centre and the Office of the Australian Information Commissioner.

In addition, the company engaged appropriate legal, technical and cybersecurity specialists to assist with the process.

“The extracted data included corporate, operational, and financial information, details on current and former personnel, as well as shareholder information. The process of notifying relevant affected individuals is currently underway.

The breach has not had a material impact on the company’s operations or broader systems. Following the breach, the company has reviewed its processes and taken actions to enhance its systems. Northern Minerals will provide further updates as and when appropriate.” in a statement from ASX

On Monday, Mr. Chalmers ordered Yuxio Fund and four other foreign businesses connected to China to sell their ownership of Northern Minerals, the company operating the Browns Range mine in Western Australia's Kimberley region.

The Australian company's goal is to become the leading producer of dysprosium, a crucial component in electric vehicles, surpassing China.

"The decision, guided by advice from the Foreign Investment Review Board, aims to safeguard our national interest and uphold compliance with our foreign investment regulations." the statement read.

Earlier, ABC Australia disclosed that a suspected cybercriminal group claimed to have successfully stolen data from the Australian mining company online, one day after the treasurer's announcement.

The hacker, identified as "Bian Lian," boasts of acquiring financial, strategic, operational, and personal employee data from Northern Minerals Limited in a message posted on a data leak website.

The hacker also states that they have "corporate email archives" and "data on shareholders and potential investors" in a post on the dark web.

The Home Affairs Minister's office stated that they were in communication with the company and were aware of the incident.

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