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Investing.com -- Ingram Micro Holding Corporation (NYSE:INGM) stock dropped 4% premarket after the technology distributor disclosed it is experiencing a system outage due to a ransomware attack on certain internal systems.
The company revealed it has taken immediate action to address the security breach, including proactively taking systems offline and implementing other mitigation measures. Ingram Micro has launched an investigation with assistance from cybersecurity experts and has notified law enforcement about the incident.
The ransomware attack has disrupted Ingram Micro’s ability to process and ship orders, directly impacting its core distribution operations. The company apologized to customers, vendor partners, and other stakeholders for the disruption caused by the security breach.
Ingram Micro stated it is "working diligently to restore the affected systems" but did not provide a specific timeline for when operations might return to normal. The company also did not disclose details about the extent of the attack or whether sensitive data had been compromised.
Cybersecurity incidents have increasingly affected technology companies and distributors in recent years, often resulting in significant operational disruptions and financial consequences. For Ingram Micro, which serves as a critical link in the technology supply chain, prolonged system outages could potentially impact its quarterly financial performance if the situation isn’t resolved quickly.
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