Keytronic verified that a ransomware organization called Black Basta carried out a cyberattack that caused a data leak and operational damage.
A data breach has been confirmed by Keytronic, a printed circuit board assembly (PCBA) business, following the 530GB of data that were compromised by the Black Basta ransomware organization. The American technology company, which was first recognized for making mice and keyboards, said in an SEC statement that a cyberattack on May 6 interrupted its business operations and restricted access to vital business systems.
Keytronic announced in a late-Friday SEC filing that the hack resulted in a two-week halt of its domestic and Mexican operations. Since then, business as usual has resumed. The business acknowledged that during the hack, the attackers stole personal data. “Since the date of the original report, the company has determined that the threat actor accessed and exfiltrated limited data from the company’s environment, which includes some personally identifiable information,” according to the SEC’s Form 8-K/A. As needed, Keytronic is informing regulatory bodies and parties that might be impacted.
The company also verified that the attack and subsequent output loss will have a meaningful impact on its financial condition in the fourth quarter ending June 29, 2024, in accordance with new SEC criteria. Keytronic has expended roughly $600,000 on outside cybersecurity specialists, and further expenditures are expected. Black Basta claimed the attack two weeks earlier, releasing what they claim to be 100% of the stolen data, despite Keytronic being unable to identify the threat group in question. This comprises corporate data, engineering, finance, human resources, and social security card screenshots, as well as digitally shared business documents and employee passports and social security cards.
It is thought that several of the members of the April 2022-founded ransomware gang Black Basta were once involved in the Conti ransomware operation. Numerous notable assaults, such as those against Capita, Hyundai’s European division, the Toronto Public Library, and the American Dental Association, have been connected to the organization. Black Basta compromised 500 organizations between April 2022 and May 2024, affecting at least 12 of the 16 vital infrastructure sectors, according to information released last month by CISA and the FBI. As of November 2023, research conducted by cyberinsurance provider Corvus Insurance and cybersecurity firm Elliptic revealed that Black Basta has extorted at least $100 million from over 90 victims.
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