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D-BOX Technologies (TSX:DBO) announces ransomware attack

Technology
TSX:DBO
14 July 2021 09:15 (EDT)

Source: D-BOX.

D-BOX Technologies (DBO) was subject to a ransomware cyberattack on its information technology systems.

The malware used to perform the attack encrypted electronic data stored on the corporation’s network so it cannot be read or used.

The attack took place after the close of business on July 12, 2021, and was detected the same day, with steps immediately taken to contain and mitigate any potential impact to the corporation’s data and operations and start the recovery process.

D-BOX is still investigating the extent of the attack, but it is anticipated that D-BOX’s business operations will be adversely affected for several days and potentially longer depending on how quickly the corporation may recover its data and make full use of its systems.

At present time there is no evidence that customers’ personal information was compromised as a result of this attack. The corporation does not generally receive personal information from its clients comprised mainly of businesses. However, some employees’ personal information may have been compromised and if that is the case, the corporation will be taking measures to minimize the impact for affected employees.

Independent cybersecurity experts were brought in to assist the corporation in dealing with the matter in accordance with industry best practices.

D-BOX creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through effects: motion, vibration and texture. Whether it’s movies, video games, music, relaxation, virtual reality applications, themed entertainment or professional simulation, D-BOX creates a feeling of presence that makes life resonate like never before.

D-BOX Technologies Inc. (DBO)  opened trading at C$0.12 per share.

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