"Ransomware Attack Cost Keytronic Over $17 Million"
"Ransomware Attack Cost Keytronic Over $17 Million"
In an update, Electronics manufacturing services firm Keytronic revealed that a recent ransomware attack resulted in additional expenses and lost revenue totaling more than $17 million. The company revealed the costs associated with the incident in a preliminary financial report for the fourth quarter of fiscal 2024. The company said that due to this event, the company incurred approximately $2.3 million in additional expenses and believed that it lost roughly $15 million in revenue during the fourth quarter.