Ransomware Attack On Wool Industry Halted Sales Across Australia Last Week

Ransomware Attack On Wool Industry Halted Sales Across Australia Last Week

It is yet to be seen how a cyber attack which shut down wool sales last week will affect growers in Tasmania. Last Tuesday Talman Software, which is used by the majority of wool industry across Australia and New Zealand, was the victim of a ransomware attack.

The attack prevented brokers from being able to buy and sell wool.

Alistair Calvert, co-director of Tasmanian wool broker Wool Solutions, said the “unprecedented attack” had disrupted planned sales on Thursday. “We have taken the view where we have basically just transferred our catalogue from last week into this week coming, so basically it has delayed us by a week,” he said.

Australian Wool Exchange chief executive Mark Graves said there were lessons to be learned from the cyber attack. “There are always things to learn from this because this can affect anyone,” he said. “It doesn’t matter if it is this particular company, individuals or any other corporation, we see increases in virus attacks all the time. I think there is always something to learn from it but we will have to do that in reflection.”

The Examiner has the full story: https://www.examiner.com.au/story/6656137/effects-of-cyber-attack-still-unknown/

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https://blog.knowbe4.com/ransomware-attack-on-wool-industry-halted-sales-across-australia-last-week

About the Author: Shannon Lewis

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