Cyber Attack Cripples Exco Technologies: Three Production Facilities Still Recovering

Company: Exco Technologies
Exploit: Cyber Attack
Industry: Manufacturer of diecast auto parts and tools
Sources: https://www.insurancebusinessmag.com/ca/news/cyber/canadian-manufacturer-takes-debilitating-cyber-hit-434108.aspx

Canada-based manufacturer of diecast auto parts and tools, Exco Technologies, has announced that it has been the victim of a severe cyber attack. The attack has resulted in three of its production facilities being impacted and is currently still being recovered.

Exco Technologies issued a statement confirming that the three facilities within its large mould group are being impacted, but reassured the public that the rest of the company’s operations remain unaffected. The company took swift action after learning of the incident last week, securing its systems and taking steps to minimize the impact on its data and operations.

In the ongoing investigation into the cyber attack, Exco has retained the services of independent experts to assist with the matter. The company has also temporarily disabled certain computer systems as part of its efforts to fully understand and resolve the issue. Exco has provided a two-week timeline for when the operations at the impacted facilities are expected to be restored.

While the company is still assessing the financial impact of the situation, it has stated that shipments to customers are not expected to be materially interrupted. Exco is taking all necessary steps to ensure that the situation is resolved as quickly and efficiently as possible.

Cyber attacks are a growing concern for businesses of all sizes and industries, and it is crucial for companies to have adequate security measures in place to prevent such incidents from happening. In the wake of this attack, Exco Technologies serves as a reminder of the importance of being proactive in securing against cyber threats.