Subj : Top US heart surgery device maker hit by ransomware attack
To   : All
From : TechnologyDaily
Date : Tue Dec 10 2024 16:30:04

Top US heart surgery device maker hit by ransomware attack

Date:
Tue, 10 Dec 2024 16:20:00 +0000

Description:
Artivion confirms security breach in new 8-K filing, saying the investigation 
is ongoing.

FULL STORY
======================================================================Artivion
 submitted a new filing with the SEC, confirming a ransomware attack It was 
forced to take some systems offline, but says operations are unaffected No 
threat actors claimed responsibility just yet 

Artivion, a major American company building heart surgery devices, has 
confirmed suffering a ransomware attack. 

In a new 8-K filing submitted with the US Securities and Exchange Commission 
(SEC), the company said it identified, and tackled, a cybersecurity incident 
in late November 2024. 

Artivions response measures included taking certain systems offline, 
initiating an investigation, and engaging external advisors, including legal, 
cybersecurity, and forensics professionals to assess, contain, and remediate 
the incident, the company said in the filing. The incident involved the 
acquisition and encryption of files. Orders and shipping disrupted 

Artivion said it was working on restoring its systems as quickly as possible 
and that it was currently evaluating whether or not its clients, customers, 
or employees, would need to be notified of the attack. 

It also added that at the date of the filing, it did not see the attack 
having a material impact on its overall financial condition or results of 
operations, further stressing that such a scenario is unlikely. 

The ransomware attack wasnt completely benign, though: The incident has 
caused disruptions to some order and shipping processes, as well as to 
certain corporate operations, which have largely been mitigated, Artivion 
stressed. The Company has and will continue to incur expenses related to its 
response to this incident, and the Company believes it has adequate insurance 
coverage. 

While insurance will cover parts of the expenses, it will not cover all. 
There are still risks such as further delays in restoration, meaning that the 
bottom line is yet to be determined. 

Artivion did not say who the attackers were, what their demands were, or if 
they stole any sensitive information. Given the sensitivity of the 
information it handles, its safe to assume the crooks did ask for money, 
under the threat of releasing the files to the public. However, those threats 
are usually done by posting the name, and a sample, on a data leak site 
which, at press time, did not yet happen. That could also suggest that a 
ransom payment is currently being negotiated. You might also like Ransomware 
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======================================================================
Link to news story:
https://www.techradar.com/pro/security/top-us-heart-surgery-device-maker-hit-b
y-ransomware-attack


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