Gates Industrial Corporation Temporarily Takes Systems Offline

December 13, 2023

INCIDENT

On February 11, Gates Industrial Corporation plc, a US manufacturer of fluid power and power transmission technology, determined that it was the target of a malware attack. The attack affected certain of the company’s IT systems, and as part of its containment efforts, the company suspended the affected systems and elected to temporarily suspend additional systems. These suspensions resulted in the temporary inability of most of the facilities to produce and ship products.

"Anytime you shut down the majority of operations at a global company, it’s a big deal," an executive says.

Incident Date

February 11, 2023

Estimated Cost

ransom not paid - temporary halted production and shipments