October 12, 2023 at 07:00AM
Simpson Manufacturing Company has experienced a cyberattack that has caused disruptions to its IT infrastructure and applications. The company has taken steps to contain the attack and is working on responding to and addressing the issue. It is currently unclear if the attack involved ransomware. The construction industry is increasingly becoming a target for cyberattacks due to its lack of focus on cybersecurity and the amount of confidential information stored and shared digitally. Simpson Manufacturing has brought in third-party specialists to support its investigation and recovery efforts.
Key takeaways from the meeting notes:
1. Simpson Manufacturing Company experienced a cyberattack that caused disruptions to its IT infrastructure and applications.
2. The company took immediate action to stop and remediate the activity, including taking certain systems offline.
3. The incident is expected to continue causing disruption to the company’s business operations.
4. The nature and scope of the attack are still under investigation by third-party specialists.
5. The construction industry is increasingly vulnerable to cyberattacks due to a lack of focus on cybersecurity and privacy initiatives.
6. The use of new technologies, such as machine learning and robotics, in the construction industry poses additional risks.
7. Confidential and proprietary information stored and shared in the construction industry makes it an attractive target for cybercriminals.
8. The number of cybersecurity attacks in the construction industry is growing exponentially.
Please note that these takeaways are based on the available information and are subject to updates or further developments as the investigation progresses.