cyber
confidence high
sentiment negative
materiality 0.80
Gates Industrial discloses malware attack; production halted at most facilities
Gates Industrial Corp plc
- Malware attack discovered Feb 11, 2023; incident response and law enforcement notified.
- Most facilities temporarily suspended production and shipping; restoration expected in coming days.
- Investigation may reveal personally identifiable information (PII) was accessed; notifications planned if confirmed.
- Company evaluating full costs and potential offset from cyber insurance coverage.