cyber
confidence high
sentiment negative
materiality 0.75
Johnson Controls reports ransomware attack delayed fiscal 2023 Q4 earnings release
Johnson Controls International plc
- Unauthorized access and ransomware deployed by third party to internal IT; detected Sept 23, 2023.
- Disruptions to systems supporting financial reporting; expects delay in FY2023 Q4 and year-end results.
- Expects to report results by December 14, 2023, within Rule 12b-25 period for Form 10-K.
- Restoration largely completed; no observed impact to digital products OpenBlue and Metasys.
- Investigation ongoing; believes unauthorized activity contained.