US Based Company Lost $3.8 Million Stolen Due To Cyberattack

May 9, 2015

Due to a cyberattack an Alaska Native Corporation had to bear the loss of $3.8million which the firm was transferring to a Hong Kong based bank account last month.

CEO Greg Hambright of the Kodiak-based Afognak Native Corp explained to the group’s 900 shareholders in a letter that one of its affiliates Alutiiq LLC was successfully targeted by cybercriminals last month.

According to officials, the attack was launched in April 2015 from either Asia or Eastern Europe.