Cryptoloc Holdings
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Politically connected company won $15m government contract despite 'red flags'
Former Queensland ALP government awarded $15m contract to politically connected company despite 'red flags' Tue 9 Jun 2026 at 6:24am In short: The former Queensland government awarded an ultimately doomed $15 million contract to cybersecurity company Cryptoloc Holdings despite red flags, auditors have found. An audit of the tender process, obtained by the ABC under Right to Information laws, highlights a series of errors, including multiple issues with the financial accounts. Recommendations...