Keytronic takes over $17 Million hit After Cyberatttack

Keytronic detected the incident on May 6 after disruptions at its Mexico and U.S. sites impacted business applications supporting both operations and corporate functions. Keytronic was forced to shut down domestic and Mexico operations for two weeks during the incident response.

"Due to this event, the Company incurred approximately $2.3 million of additional expenses and believes that it lost approximately $15 million of revenue during the fourth quarter," the company said.

Black Basta ransomware gang claimed the attack late May. Keytronic has yet to attribute the attack to a specific threat group.

Estimated Cost

2 weeks operational shutdown; > $17M lost

Threat Source

Impacts

OT IT Privacy