Ransomware Hits Rea Magnet Wire Company

November 3, 2023


One of the world’s largest manufacturers of magnet and nonferrous wire products, Rea Magnet Wire Company, Inc. suffered a ransomware attack.
On October 4, Rea, a privately held company, sent a letter out to its customers saying they suffered a ransomware attack on September 9. The company said in the letter:
“On September 9, 2023, the Company was victimized by a ransomware attack. Fortunately, the attack did not affect all of the Company’s internal systems, and, through the quick and thoughtful work of our IT team and our external partners and advisors, we were able to restore substantially all of our systems within days. At present, the Company is operating normally, and we do not expect that the attack will have a material effect on the business going forward.
“In the course of the ransomware attack, the perpetrators stole information from the Company’s systems that may have included your name, mailing address, email address, phone number, date of birth, and social security number and/or tax identification number."

Incident Date

September 9, 2023

Estimated Cost

Unknown at this time

Type of Malware

No Malware identified

Threat Source

No threat source identified