06:53:58 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,755,467,937
Close 2023-07-19 C$ 23.23
Market Cap C$ 40,779,520,177
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Globe says Barrick silent on Russian cyberattack

2023-07-20 08:38 ET - In the News

The Globe and Mail reports in its Thursday edition that Barrick has been targeted by Russian cybercriminal group Clop in a massive global data theft that has affected hundreds of corporations and close to 20 million individuals. The Globe's Niall McGee writes that Barrick is one of at least 376 organizations publicized by Clop in an attack that has seen confidential data stolen from financial firms and health care providers, as well as U.S. government agencies and Canadian municipalities. Clop traditionally used software to encrypt files of a company or an individual and then demanded ransom so the information could once again be deciphered. However, the latest incident involved a mass data theft that occurred in late May at third party file sharing system MOVEit, owing to a "zero-day" vulnerability in its software -- a flaw for which MOVEit had no fix at the time. MOVEit is owned by Massachusetts-based Progress Software Corp., and its software is used by thousands of corporations. Progress has said it has since fixed the vulnerabilities in its system that allowed the hack. Barrick has not revealed what effect the attack has had on the gold miner, said what data was stolen or even confirmed an attack took place.

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