Medical cannabis company Cann Group is the latest firm targeted in an international cyber security incident, with the company seeking to recover $3.6 million now missing after paying an overseas contractor for works being undertaken at its Mildura facility.
The ASX-listed company’s stock was placed in a trading halt on Friday February 5. On Monday morning Cann said the breach was discovered overnight on February 4, and is currently under investigation.
The Melbourne-based company recently made several payments totalling about $3.6 million, but those payments have been received by an unknown third party as a result of a complex and sophisticated cyber fraud perpetrated against the company and its overseas contractor, it said.
Cann declined to comment further about how the fraud was discovered or the time frame. It is working with its bank to determine if any of the payments can be halted, and if any of the funds involved are recoverable.
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