Hardware retailer Mitre 10 has been dragged to court amid accusations it hacked the website of a competitor to obtain sensitive trading information.
Reports by The Australian Financial Review suggest Mitre 10’s parent company Metcash is facing a Federal Court hearing in Melbourne to face accusations that at least one employee used company servers to hack the website of rival Natbuild.
That cyber breach, Natbuild alleges, has resulted in sensitive information about current and future supplier agreements being accessed.
A spokesperson for Metcash declines to comment on the matter, given that it is currently before the courts.
Regardless of the verdict in this instance, the case has highlighted that hacking of businesses is not necessarily isolated to faceless offshore individuals seeking to steal money, but an increase in the value of confidential data held by businesses.
Breaches can be designed to steal data for personal gain, to blackmail businesses (as the internationally infamous case of Ashley Maddison highlighted), or simply to destroy the credibility of a business.
Due to their limited financial resources, SMEs may be more susceptible to these kinds of attacks, such as the Perth real estate agency that had scammers publishing fake rental advertisements or a veterinary surgery that had the personal information of customers stolen.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.
Ask the Experts: Does automation stack up financially?
By Christopher Overton
Opinion: How bad do things have to get?!
By Adam Zuchetti
Business lessons from the All Blacks
By Steve Stanley