Telemedicine Firm Cytta Corp. Targeted by Hackers
Las Vegas, Nevada-based telemedicine company Cytta Corp. reported on Monday that hackers managed to change the organization’s officer and director information in the Nevada Secretary of State corporate filing system.
Cytta Corp. provides remote monitoring connectivity solutions. The company’s Cytta Connect platform is an open source special purpose cellular and satellite network that was initially used by the healthcare industry, but is now available for the oil and gas industry as well.
On October 30, Cytta learned that hackers had changed the company’s information in SilverFlume, a Nevada business portal that provides firms with a single online location for conducting transactions with state agencies. The service, which is operated by the Nevada Secretary of State, helps companies reduce the time and paperwork associated with government transactions by creating and online profile.
According to Cytta, the Nevada state filing status normally shows Gary Campbell as the company’s CEO, secretary, treasurer and director. However, the hackers changed the information to list Jens Dalsgaard as president, Vanessa Luna as secretary and treasurer, Steffan Dalsgaard as director, Jamison Moore as director, and Erik Stephansen as director. Erik Stephansen is a director with the company, but the rest of the names are fake.
Authorities responsible for the integrity of the database were immediately notified and the company’s registered agent corrected the information. Cytta also notified its bank since the modified details could have been used to change the signing authority.
“The Nevada banking system currently relies upon the information presented within the Secretary of State Silverflume system and by compromising this information hackers could perpetrate enormous harm to public Nevada registered Companies,” Cytta said in a statement. “This breach could alter banking information, change signing authorities, remove funds, and enter transactions and/or create fictitious corporate bank accounts and liabilities.”
Cytta’s SilverFlume profile wasn’t the hackers’ only target. On October 31, the company was informed that someone tried to change the password for accessing EDGAR, the U.S. Securities and Exchange Commission’s (SEC) online database. The attackers apparently used the altered information in the SilverFlume system to request the password change, the company said.
“[Such] a change would allow the perpetrators to issue false Cytta Federal filings through the EDGAR Network. More importantly, any false data introduced into the Federal EDGAR Reporting system could easily be utilized to wreak havoc with the prices and valuations of public companies,” Cytta noted. “Additionally, it could be utilized to convince an innocent EDGAR filer to issue filings that may erroneously be reported to News Services without the proper approvals and authority of the Public Company. Such falsehoods could undermine the public stock trading system and risk economic terrorism.”