A number one knowledge and safety programming specialist is scrambling to revive operations after a ransomware incident, a brand new regulatory submitting has revealed.
Information I/O offers options for Flash-based gadgets within the automotive, medical, shopper electronics and industrial management markets.
Nonetheless, the US producer mentioned in an SEC submitting late final week that it skilled a ransomware incident on August 16 that pressured it to take sure platforms offline and implement numerous mitigations.
“The corporate is working diligently to revive the affected methods. The incident has quickly impacted the corporate’s operations, together with inside/exterior communications, delivery, receiving, manufacturing manufacturing, and numerous different assist capabilities,” it added.
“Whereas the corporate has carried out measures to permit for the restoration of some operational capabilities, the timeline for a full restoration just isn’t but identified. Because the investigation of the incident is ongoing, the total scope, nature, and impression are additionally not but identified.”
Read more on manufacturing breaches: IT/OT Convergence Fuels Manufacturing Cyber Incidents
Information I/O mentioned the incident doesn’t seem to have had a “materials impression” on its operations, though that might change as soon as the total impression and scope of the assault is understood.
No point out has been product of potential knowledge exfiltration, however the agency did admit that anticipated prices – together with charges for safety contractors and others – are “moderately seemingly” to have a fabric impression on its funds.
Pete Luban, subject CISO at AttackIQ, warned that assaults on producers like Information I/O can have a significant impression on provide chains, particularly on condition that the Redmond-headquartered firm counts Tesla, Panasonic, Amazon, Google and Microsoft amongst its clients.
“Producers ought to use this case as a lesson to enact proactive safety measures to mitigate ransomware threats earlier than they’re capable of shut down important methods,” Luban added.
“Using adversarial emulation permits safety groups to check their defenses towards baseline behaviors related to frequent ransomware teams. This fashion, organizations can shut off entry to delicate methods and data and hold provide chains intact.”
Producers are a well-liked goal for ransomware actors given their low tolerance for outages and the delicate IP they handle.
Ransomware has value the business an estimated $17bn in downtime since 2018, in response to a Comparitech report revealed in December 2024.
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