In an exclusive report on CyberDaily, it has been revealed that the Melbourne-based financial services firm 3P Corporation fell victim to a sophisticated ransomware attack attributed to the notorious Space Bears group. According to the CyberDaily article, in early April 2025, Space Bears listed 3P Corporation on its darknet leak site, claiming to have exfiltrated over 200 gigabytes of sensitive data. Founded in 1992, 3P Corporation manages over AUD 750 million in assets and serves more than 8,000 clients across Melbourne.
The allegedly stolen information includes databases, critical financial documents, and personal records of both employees and clients. Despite these claims, 3P Corporation has publicly denied that any breach occurred. Representatives from the firm issued a statement asserting that robust security protocols are in place and that no evidence supports the assertions made by the hacking collective.
Cybersecurity experts, however, caution that such denials are common in the immediate aftermath of a ransomware incident. They stress that even unverified claims warrant a thorough investigation, particularly when they involve institutions that manage client information. The breach raises significant concerns regarding the cybersecurity posture of firms within Australia’s financial services sector, where trust and data integrity are paramount.
Space Bears, an emerging ransomware group known for targeting high-value organizations globally, has escalated its activities over the past year. The group’s actions mirror a broader trend of increasing cyberattacks against Australian entities, underscoring the critical importance of proactive security measures. In response to the leak, clients and stakeholders of 3P Corporation are reportedly seeking clarification and assurance that their personal and financial information remains protected.
The incident marks one of the few publicly disclosed ransomware allegations against a Melbourne-based financial services company. It also highlights the growing threat landscape facing regional firms as cybercriminals expand their operations. Otonata urges all financial services firms to treat this incident as a wake-up call and immediately reassess their cybersecurity defences.
