Cyberattack at Phillips Screw Company

June 10, 2024

INCIDENT

Amesbury, Massachusetts-based The Phillips Screw Company suffered a “sophisticated” cyberattack that disrupted its day-to-day operations.
The breach occurred December 11 last year, but ended up discovered by the company May 10.
“The Phillips Screw Company detected a sophisticated cybersecurity incident that impacted our network on December 18, 2023,” the company said in a filing. “Due to this incident, we experienced limited disruption to our day-to-day operations and worked as quickly as possible to remediate and resume full business functionality. In doing so, we took immediate steps to mitigate the threat, including taking certain systems offline.”
The company said the threat actor was able to gain access and stayed on the system from Dec. 11 through Dec. 18.

Incident Date

December 11, 2023

Estimated Cost

Unknown at this time

Type of Malware

No Malware identified

Threat Source

No threat source identified