Karat Packaging Reports Unauthorized Access To Information Systems, Activates Cybersecurity Response Plan And Notifies Federal Law Enforcement; Investigation Ongoing, No Business Disruption Detected, Incident Deemed Non-Material
Portfolio Pulse from Benzinga Newsdesk
Karat Packaging has reported unauthorized access to its information systems. The company has activated its cybersecurity response plan and notified federal law enforcement. The investigation is ongoing, but no business disruption has been detected, and the incident is considered non-material.
October 23, 2024 | 8:47 pm
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Karat Packaging experienced unauthorized access to its information systems. The company has activated its cybersecurity response plan and notified federal law enforcement. The incident is deemed non-material, with no business disruption detected.
The incident involves unauthorized access to Karat Packaging's systems, but it is deemed non-material and has not disrupted business operations. The company's quick response and notification to law enforcement suggest effective management, likely resulting in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100