cyber
confidence high
sentiment negative
materiality 0.75
Key Tronic discloses cyber incident cost $2.3M, lost $15M Q4 revenue
KEY TRONIC CORP
- Unauthorized third-party access detected May 6, 2024; domestic/Mexico operations halted ~2 weeks.
- Incident caused ~$2.3M extra expenses; $15M Q4 FY2024 revenue unfilled (most expected in FY2025).
- Data exfiltrated includes some PII; notifications to affected parties are ongoing.
- Operations restored mid-June; company believes unauthorized access eliminated.
- Orders unable to fulfill are expected to be largely recovered in FY2025.