cyber
confidence high
sentiment negative
materiality 0.65
Bright Horizons reports ransomware incident on Dec 12; investigation ongoing, no data compromise believed
BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- Ransomware incident impacted and disrupted operational and IT systems on December 12, 2022.
- Company launched investigation with cyber-security experts and notified law enforcement.
- Based on analysis and data encryption protocols, no client, customer, family, or employee data believed compromised.
- Restoration of systems underway; company does not expect incident to have material impact on business or financial results.
- Company carries cyber insurance commensurate with size and nature of operations.