NIOCORP DEVELOPMENTS LTD (NB, NIOBW)
Feb 2025 · Graded Verified · Mining and Minerals · Government record
Incident summary
NIOCORP DEVELOPMENTS LTD (NB, NIOBW)Feb 2025
$506K est.
NioCorp's intruders needed no exploit, just a foothold in its email, because the mining company's vendor payment process trusted whatever the inbox told it. About $500,000 walked out to a fraudulent account before anyone caught the reroute: an invoice redirected by a plausible message, not a breached network. No group has been named and no personal records were said to leave; the whole loss was the price of letting email stand in for a signed authorization.
Verified: the linked document states this figure.
SEC 8-K, Item 8.01
Initial attack type phishing or social engineering inferred · Impact financial theft or fraud confirmed
Quantified 78 days after disclosure.
What the company has said it cost
The company’s own disclosed figure, as it changed over time. The categorized loss on the record carries its own source.
About this record
This incident is on the public government record: an SEC 8-K filing or a state-regulator notification, graded Verified. Every figure links to the source it was read from; if we have read one wrong, tell us at info@hackerinahoodie.com. This index never sums figures across incidents. See the methodology.