NioCorp Says Cybersecurity Incident Caused in $500K in Misdirected Payments

Dow Jones

02-20

By Connor Hart

An unauthorized third-party accessed NioCorp Developments' information systems, resulting in misdirected vendor payments worth about $500,000.

The rare-earths company said Wednesday that it believes the cybersecurity incident was limited to the misdirected payments, though it added that its investigation is ongoing and the full scope of the incident is still unknown.

NioCorp said it self-discovered the incident last Friday, at which time it promptly notified certain financial institutions and federal law enforcement, according to a filing with the Securities and Exchange Commission.

The company has been taking steps to investigate, contain, assess and remediate the incident, including attempting to recover the defrauded payments. It said it hasn't yet determined whether the incident will hurt its overall financial condition and operations, or whether it will be able to recover all or some of the payments.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 19, 2025 17:48 ET (22:48 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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It said it hasn't yet determined whether the incident will hurt its overall financial condition and operations, or whether it will be able to recover all or some of the payments. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 17:48 ET (22:48 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NioCorp Says Cybersecurity Incident Caused in $500K in Misdirected Payments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNioCorp Says Cybersecurity Incident Caused in $500K in Misdirected Payments\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-02-20 06:48</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Connor Hart \n</p>\n<p>\n  An unauthorized third-party accessed NioCorp Developments' information systems, resulting in misdirected vendor payments worth about $500,000. \n</p>\n<p>\n  The rare-earths company said Wednesday that it believes the cybersecurity incident was limited to the misdirected payments, though it added that its investigation is ongoing and the full scope of the incident is still unknown. \n</p>\n<p>\n  NioCorp said it self-discovered the incident last Friday, at which time it promptly notified certain financial institutions and federal law enforcement, according to a filing with the Securities and Exchange Commission. \n</p>\n<p>\n  The company has been taking steps to investigate, contain, assess and remediate the incident, including attempting to recover the defrauded payments. 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It said it hasn't yet determined whether the incident will hurt its overall financial condition and operations, or whether it will be able to recover all or some of the payments.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","NB":"NioCorp Developments Ltd."},"translate_title":"NioCorp称网络安全事件导致50万美元的错误付款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NB":0.9},"content_text":"By Connor Hart \n\n\n  An unauthorized third-party accessed NioCorp Developments' information systems, resulting in misdirected vendor payments worth about $500,000. \n\n\n  The rare-earths company said Wednesday that it believes the cybersecurity incident was limited to the misdirected payments, though it added that its investigation is ongoing and the full scope of the incident is still unknown. \n\n\n  NioCorp said it self-discovered the incident last Friday, at which time it promptly notified certain financial institutions and federal law enforcement, according to a filing with the Securities and Exchange Commission. \n\n\n  The company has been taking steps to investigate, contain, assess and remediate the incident, including attempting to recover the defrauded payments. It said it hasn't yet determined whether the incident will hurt its overall financial condition and operations, or whether it will be able to recover all or some of the payments. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 17:48 ET (22:48 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}