Dark ReadingKristina Beek
Attention Required! | Cloudflare
Data I/O, a Redmond, Washington-based tech manufacturer, disclosed a ransomware incident that led to outages across its operations, including shipping, manufacturing and production. The attack occurred on Aug. 16, and the company activated its incident response protocols, with certain systems taken offline and mitigations put in place. As of the filing of the 8-K form on Aug.
21, Data I/O was still working to restore affected systems, and a third-party investigation was underway to determine the scope, nature and impact. The company stated in the filing that the incident does not yet appear to have had a material impact on its business operations, but that the full scope and impact could be material to its financial statements and results of operations.
Data I/O noted that the expected costs, including fees for cybersecurity experts and costs to restore systems, are reasonably likely to be material. Last month, another drug R&D firm, Inotiv, also reported a ransomware incident, illustrating the ongoing vulnerability across sectors. according to the 8-K filing, the company continues to work toward restoration while assessing the incident’s broader implications.