ENGlobal Limited by Cyberattack, Operations Restricted
ENGlobal Corporation, a leading provider of engineering and automation services to the U.S. energy sector and federal government, has announced that its operations have been severely impacted following a recent cyberattack.
According to an 8-K filing submitted to the SEC on Monday, ENGlobal revealed that it had become aware of a ‘cybersecurity incident’ on November 25. The company stated that a threat actor accessed its systems and ‘encrypted some of its data files,’ indicating that it was likely targeted by a ransomware attack.
ENGlobal’s Response to the Cyberattack
ENGlobal has taken swift action to mitigate the impact of the cyberattack, restricting access to its IT systems. The company has confirmed that only essential business operations are currently being carried out, with the timing of restoration of full access to the system remaining unclear.
In a statement, ENGlobal explained: ‘The timing of restoration of full access to the Company’s IT system remains unclear.’
Ransomware Attack Suggests Encrypted Data Files
ENGlobal’s filing suggests that a ransomware attack is likely responsible for the encryption of some of its data files. Ransomware attacks have become increasingly common in recent years, with hackers using malware to encrypt sensitive information and demand payment in exchange for the decryption key.
ENGlobal’s Customers Affected by the Cyberattack
ENGlobal has confirmed that it provides services to several government agencies, including the U.S. Department of Defense and Department of Energy. The cyberattack is likely to have significant implications for these clients, with ENGlobal stating that ‘the timing of restoration of full access to the Company’s IT system remains unclear.’
Material Impact on Financial Results Uncertain
ENGlobal has not yet determined whether the incident will have a material impact on its financial results. The company’s ability to provide critical services to government agencies and private clients is likely to be severely impacted, with potential long-term consequences for ENGlobal’s reputation and bottom line.
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Investigation into the Incident Ongoing
ENGlobal has confirmed that it is investigating the incident, with the goal of determining the full extent of the damage and taking necessary steps to prevent similar incidents in the future.
ENGlobal’s Response to the Cyberattack: A Timeline
- November 25: ENGlobal becomes aware of a ‘cybersecurity incident’
- November 26: ENGlobal confirms that a threat actor accessed its systems and encrypted some of its data files
- December 3: ENGlobal submits an 8-K filing to the SEC detailing the incident
Conclusion
The recent cyberattack on ENGlobal has left many wondering about the potential impact on government agencies and private clients. As ENGlobal works to restore full access to its IT system, it remains unclear whether the incident will have a material impact on financial results.
In light of this incident, organizations are urged to review their cybersecurity protocols and take necessary steps to prevent similar attacks in the future. By staying vigilant and proactive in addressing cyber threats, businesses can minimize the risk of disruption and maintain trust with clients and stakeholders.
Recommendations for Preventing Ransomware Attacks
- Regularly back up critical data to ensure business continuity
- Implement robust cybersecurity protocols to prevent unauthorized access to systems
- Stay informed about the latest ransomware threats and develop strategies to mitigate their impact
Additional Resources:
By prioritizing cybersecurity and staying proactive in addressing threats, organizations can minimize the risk of disruption and maintain trust with clients and stakeholders.
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