Cyberattack at Vehicle Wheel Manufacturer in Brazil

April 6, 2023

INCIDENT

Brazilian automobile components manufacturer Iochpe-Maxion announced that it had suffered a cyberattack on December 5 in its IT environment. The attack resulted in the unavailability of part of its systems and operations in some units in Brazil and abroad.

The company explained in a statement sent to the Brazilian Securities Commission that it had activated its security protocols to contain the cyberattack and isolated some of its systems to protect the environment. The company confirmed that, together with its specialized advisors, it was acting diligently and making every effort to identify the causes of the incident, determine its extent and mitigate its effects.

Incident Date

December 5, 2022

Location

Brazil

Estimated Cost

Systems and Operations down in some units, cost unknown

Type of Malware

No Malware identified

Threat Source

No threat source identified