Simpson Manufacturing Said On Oct 10, Experienced Disruptions In Its It Infrastructure And Applications Resulting From A Cybersecurity Incident; Said Investigation To Assess Nature And Scope Of Incident Remains Ongoing And Is In Its Early Stages
Portfolio Pulse from Charles Gross
Simpson Manufacturing reported disruptions in its IT infrastructure and applications due to a cybersecurity incident on October 10. The company is currently investigating the nature and scope of the incident.
October 11, 2023 | 10:12 am
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Simpson Manufacturing (SSD) experienced a cybersecurity incident causing disruptions in its IT infrastructure and applications. The company is investigating the incident.
Cybersecurity incidents can have significant negative impacts on a company's operations and reputation, potentially leading to financial losses and regulatory scrutiny. This could negatively affect SSD's stock price in the short term.
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