cyber
confidence medium
sentiment negative
materiality 0.65
Simpson Manufacturing discloses cybersecurity incident causing IT system disruptions
Simpson Manufacturing Co., Inc.
- Cyber incident detected Oct 10, 2023; malicious activity led to disruption of IT infrastructure and applications.
- Company took certain systems offline to stop and remediate the activity; business operations impacted.
- Engaged third-party cybersecurity experts; investigation into nature and scope is ongoing and early-stage.
- No details yet on data compromise, financial impact, or recovery timeline.