SouthState detects cybersecurity incident on Feb 6; isolates network causing some disruption

SouthState Bank Corp

Detected cybersecurity incident on February 6, 2024; initiated response protocols and isolated parts of network.
Incident caused some disruption to business processes; operations continued in all material respects.
Engaged cybersecurity firm; notified banking regulators and law enforcement; investigation ongoing.
As of filing date, company states incident not material to operations, financial condition, or results.

Key facts

Extracted from this filing and checked against the source text.

Cybersecurity Incidents SEC 8-K Item 1.05 confidence 0.9

SouthState Bank Corp disclosed a cybersecurity incident: detected a cybersecurity incident on February 6, 2024; proactively isolated parts of its network causing some disruption to business processes. Impact: incident has not had a material impact on operations as of filing date; ongoing investigation; not yet determined if reasonably likely to materially impact financial condition or results. Materiality is still being assessed. Discovered 2024-02-06.

Nature: detected a cybersecurity incident on February 6, 2024; proactively isolated parts of its network causing some disruption to business processes
Impact: incident has not had a material impact on operations as of filing date; ongoing investigation; not yet determined if reasonably likely to materially impact financial condition or results
Materiality: assessing
Discovery: 2024-02-06

Exact text from the filing

the incident has not had a material impact on the Company's operations, and the Company has not determined the incident is reasonably likely to materially impact the Company's financial conditions or results of operations

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2 cybersecurity incidents filed in the last 30 days. Browse all cybersecurity incidents →

SouthState Bank Corp filing history →

Source: SEC EDGAR

accession 0000950103-24-002017

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