A data breach in the making Many companies far larger than NCIX have failed to make the transition from brick and mortar to internet-based sales, so this bankruptcy was not at all unusual. What was unusual, particularly for a company specializing in information technology products and sales, was the cavalier way in which NCIX failed to protect the data in its care.
Sep 21, 2018 Vancouver-based tech retailer NCIX filed for bankruptcy late last year, closing more than a dozen stores and auctioning off most of its remaining
Last Friday, Netlink Computer Inc., better known to DIY system builders as NCIX, filed for bankruptcy in Vancouver, Canada, after shuttering the last of its brick and mortar stores. It's not clear On December 1, 2017, NCIX filed for bankruptcy with the Supreme Court of British Columbia, under File Number 170816. NCIX filed for bankruptcy last Friday after closing down its last walk-in retail store. The exact reasons why the company had run out of money are not disclosed officially, but chatter indicates Commonly known as NCIX, the hardware and software retailer has officially filed for bankruptcy in Vancouver, Canada. Founded in 1996, NCIX primarily served western Canadian residents.
100 views. 09:00 heartbroken… ncix NCIX Bankruptcy Auction - Day 2 FINALE. Will we get the silver play button? Will anyone find some insane deals on video cards? The NCIX Bankruptcy Auction The NCIX Bankruptcy. 13. On November 21, 2017 NCIX filed a Notice of Intention to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Ncix Files For Bankruptcy After Closing All Retail Stores Techspot Forums.
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As well, the company may be unable to issue refunds due to its insolvency. Bankruptcy.
NCIX did not wipe or encrypt servers when it closed down and filed for bankruptcy in 2017. Their customers' data is now peddled online by Richmond-based individual.
Posted by 3 years ago. Archived. Let the NCIX Bankruptcy Firesale Begin - their forum is now free for all - post and archive before it is taken offline. And apparently, NCIX wasn't capable of fixing theirs.
NCIX founder Steve Wu worked in IT for many years and fully understood the risk involved in his choice not to encrypt any data and then the repercussions of him abandoning the assets in a warehouse. 2018-09-24 · The NCIX incident is a data breach by the back cost and risk to retail marketing companies that already see very narrow profit margins or none at all hence the bankruptcy in the case of NCIX. NCIX, officially known as Netlink Computer Inc., declared bankruptcy in December of last year after more than 20 years of operation. The company had quickly grown from a few local stores in the
December 1, 2017 Netlink Computer Inc. parent company of NCIX filed for Bankruptcy in the British Columbia Supreme Court. All retail stores across Canada hav
After declaring bankruptcy late last year, and after a massive auction earlier this year, electronic goods and office supplies belonging to Vancouver-based retailer NCIX are being auctioned off today and tomorrow in what amounts to approximately $400,000 worth of stock. On November 30, 2017, the last retail store located in Lansdowne Mall, Richmond had been closed, with only their headquarters in Richmond left. On December 1, 2017, NCIX filed for bankruptcy with the Supreme Court of British Columbia, under File Number 170816.
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Demise Edit As one of the few surviving PC retail chains in Canada, the company "invested heavily in large walk-in retail outlets… all of which were expensive to run", rather than further online sales assets to compete more Documents filed to the Supreme Court of British Columbia on Friday indicate NCIX – also known as Netlink Computer Inc. – has formally filed for bankruptcy after struggling for years to compete against larger online businesses like Amazon and Newegg. Court filings show NCIX filed for bankruptcy on December 1, 2017. Former NCIX employee and tech YouTuber Linus Sebastian shed some light on what may have gone wrong, attributing part of their downfall to questionable decision-making and overzealous store expansion while trying to compete with online behemoths like Amazon. NCIX, a major Canadian electronics retailer, has now filed for bankruptcy.
NCIX haven't officially disclosed the reasons that lead to their bankruptcy or how long they've been lingering in red numbers. NCIX declared bankruptcy with the Supreme Court of British Columbia on December 1, 2017, and stopped processing orders.
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The three NCIX servers — which were listed at a cost of $1500 CAD each for warehouse storage space after it filed for bankruptcy and closed its stores' doors.
On November 21, 2017 NCIX filed a Notice of Intention to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Ncix Files For Bankruptcy After Closing All Retail Stores Techspot Forums. If you file for bankruptcy, you can get rid of (called "discharge" in bankruptcy lingo) Sep 21, 2018 NCIX filed for bankruptcy late last year, closing more than a dozen stores across Canada after two decades of operations, and had two auctions "Mostly a reply to the posts below and into the future, NCIX filed for bankruptcy, which explains why the customer service went to **** in 2017, I have been a very Looks like the auction house is on the hook.