cyber
confidence high
sentiment negative
materiality 0.60
Simpson Manufacturing discloses cybersecurity incident disrupting operations for ~3 days
Simpson Manufacturing Co., Inc.
- Unauthorized activity detected on IT systems on Oct 10, 2023; systems taken offline to contain.
- Engaged third-party cybersecurity experts and notified law enforcement; incident contained.
- Business operations disrupted for approximately three days; full scope of costs not yet determined.
- Company does not expect the incident to have a material effect on financial condition.
- Investigation into the incident remains ongoing.