Qantas shares tumble on cyber attack impacting 6 million customers

Australia's flag carrier airline has been hit with a major cyber incident.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Qantas Airways Ltd (ASX: QAN) shares are under pressure on Wednesday.

At the time of writing, the airline operator's shares are down 2% to $10.53.

This follows news that the Flying Kangaroo has been hit with a significant cyber attack impacting millions of customers.

Woman sitting looking miserable at airport

Image source: Getty Images

Qantas shares lower on cyber attack

Investors have been hitting the sell button on Wednesday after Qantas confirmed that a cyber incident has occurred in one of its contact centres impacting customer data.

According to the release, the incident occurred when a cyber criminal targeted a call centre and gained access to a third party customer servicing platform.

It notes that there are 6 million customers that have service records in this platform. Unfortunately, although it is continuing to investigate the proportion of the data that has been stolen, Qantas suspects that "it will be significant."

The incident happened on Monday and an initial review has confirmed the data that has been taken includes some customers' names, email addresses, phone numbers, date of births, and Qantas frequent flyer numbers.

However, importantly, it points out that credit card details, personal financial information, and passport details are not held in this system. In addition, no frequent flyer accounts were compromised nor have passwords, PIN numbers, or log in details been accessed.

What's next?

Qantas has contained its systems and they all remain secure at present. And as it conducts its investigation, it is putting additional security measures in place to further restrict access and strengthen system monitoring and detection. It is also important to note that there is no impact to Qantas' operations or the safety of the airline.

The airline operator has notified the Australian Cyber Security Centre and the Office of the Australian Information Commissioner. And given the criminal nature of this incident, the Australian Federal Police has also been notified.

Commenting on the cyber attack, Qantas's group chief executive officer, Vanessa Hudson, said:

We sincerely apologise to our customers and we recognise the uncertainty this will cause. Our customers trust us with their personal information and we take that responsibility seriously. We are contacting our customers today and our focus is on providing them with the necessary support.

We are working closely with the Federal Government's National Cyber Security Coordinator, the Australian Cyber Security Centre and independent specialised cyber security experts.

Qantas shares remain up 80% over the past 12 months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Travel Shares

A woman ponders a question as she puts money into a piggy bank with a model plane and suitcase nearby.
Travel Shares

Down 33%: Here are 3 reasons I'd buy Qantas shares

Rising fuel costs and global uncertainty are weighing on this airline. Is it a buying opportunity?

Read more »

Falling plane share price represented by a declining line with a model plane at the end.
Travel Shares

Is the Qantas share price a buy? Here's an expert's view

Is this a good time to invest in the airline?

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Webjet and Web Travel Group: Are these ASX travel shares a buy?

It's a sector under pressure, but these ASX travel shares may still offer opportunity.

Read more »

Couple at an airport waiting for their flight.
Travel Shares

The pros and cons of buying Qantas shares this month

Should investors buy the airline during this volatility?

Read more »

Man sitting in a plane seat works on his laptop.
Travel Shares

Why a $700 million move into Qantas shares is turning heads today

AustralianSuper builds a major stake in Qantas.

Read more »

A smiling boy holds a toy plane aloft while a girl watches on from a car near an airport runway.
Travel Shares

This ASX travel stock is rising after a major capital management milestone

Flight Centre rises after completing buyback and cleaning up debt.

Read more »

A woman's hair is blown back and her face is in shock at this big news.
Travel Shares

Are Virgin Australia shares a buy after flying 7% higher on Wednesday?

Find out how far analysts are tipping the airline's shares to run.

Read more »

A woman reaches her arms to the sky as a plane flies overhead at sunset.
Travel Shares

Here's why Virgin Australia shares are flying 7% higher today

The airline has maintained its FY26 outlook, with fuel hedging offsetting higher fuel prices.

Read more »