Production time lost after IPG Photonics affected with ransomware

Production time lost after IPG Photonics affected with ransomware

https://www.bleepingcomputer.com/news/security/leading-us-laser-developer-ipg-photonics-hit-with-ransomware/

Exploit: Ransomware
IP Photonics: Laser Developer 

high-risk-meter-ni

Risk to Small Business: 2.305 = Severe Defense contractor and laser developer IP Photonics was hit with a nasty ransomware attack using the RansomExx strain of ransomware, sometimes also dubbed Ransom X. IPG Photonics IT operations were affected worldwide, including internal IT, phones, manufacturing, parts, and shipping.

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Individual Risk: No individual data is believed to have been impacted in this breach.

Customers Impacted: Unknown
How it Could Affect Your Customers’ Business:  Manufacturers that get shut down from ransomware don’t just lose data – they also lose production time, fulfillment capability, access to maintenance or operations technology, and other business essentials that can be hard to quantify yet devastating.

Risk Levels:
1 - 1.5 = Extreme Risk
1.51 - 2.49 = Severe Risk
2.5 - 3 = Moderate Risk

*The risk score is calculated using a formula that considers a wide range of factors related to the assessed breach.


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