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Data I/O Ransomware Attack Disrupts Operations as Investigation Continues

The chip-programming firm warns recovery costs are likely to materially affect results.

Overview

  • The company detected ransomware on August 16 targeting certain internal IT systems and activated response protocols that took platforms offline.
  • Internal and external communications, shipping, receiving, and manufacturing were disrupted, with some functions restored but no timeline for full recovery.
  • Outside cybersecurity experts are assisting an ongoing investigation that may involve data theft, with notifications to regulators and affected individuals to occur if required.
  • Data I/O disclosed the incident in an August 21 SEC Form 8-K, and no ransomware group has publicly claimed responsibility.
  • Customers include Amazon, Apple, Google, Microsoft and 18 of the top 20 automotive electronics suppliers, raising concerns about potential downstream impacts.