cyber
confidence high
sentiment negative
materiality 0.60
Garrett Motion discloses data breach from MOVEit vendor incident
Garrett Motion Inc.
- Unauthorized party accessed data of Garrett, employees and customers via MOVEit vulnerability; discovered July 28, 2023.
- Company launched investigation with third-party cybersecurity experts and notified law enforcement.
- No interruption to systems, services or business operations occurred.
- Company believes incident will have no material adverse effect on business, operations or financial results.
- Company is complying with legal obligations and making required notifications to employees and customers.