D-BOX Technologies Announces Ransomware Cyber Attack
July 14 2021 - 8:52AM
D-BOX Technologies Inc. (“D-BOX” or the “Corporation”) (TSX: DBO)
announces that the Corporation 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 on 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, as the attack affected most of its
systems, that D-BOX’s business operations will be adversely
affected for several days and potentially longer depending 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, and the Corporation generally does not receive personal
information from its clients comprised mainly of businesses.
However, some employee 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.
Statements Regarding Forward-Looking
Information
Certain information included in this press
release may constitute “forward-looking information” within the
meaning of applicable Canadian securities legislation.
Forward-looking information may include, among others, statements
regarding the future plans, activities, objectives, operations,
strategy, business outlook, and financial performance and condition
of the Corporation, or the assumptions underlying any of the
foregoing. In this press release, words such as “may”, “would”,
“could”, “will”, “likely”, “believe”, “expect”, “anticipate”,
“intend”, “plan”, “estimate” and similar words and the negative
form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of
future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future
performance will be achieved. Forward-looking information, by its
very nature, is subject to numerous risks and uncertainties and is
based on several assumptions which give rise to the possibility
that actual results could differ materially from the Corporation’s
expectations expressed in or implied by such forward-looking
information and no assurance can be given that any events
anticipated by the forward-looking information will transpire or
occur, including but not limited to the timing for the
investigation and recovery process, the impact on D-BOX’s business
operations, future plans, activities, objectives, operations,
strategy, business outlook and financial performance and condition
of the Corporation.
Forward-looking information is provided in this
press release for the purpose of giving information about
Management’s current expectations and plans and allowing investors
and others to get a better understanding of the Corporation’s
operating environment. However, readers are cautioned that it may
not be appropriate to use such forward-looking information for any
other purpose.
Forward-looking information provided in this
press release is based on information available at the date hereof
and/or management’s good-faith belief with respect to future events
and are subject to known or unknown risks, uncertainties,
assumptions and other unpredictable factors, many of which are
beyond the Corporation’s control.
ABOUT D-BOX
D-BOX creates and redefines realistic, immersive
entertainment experiences by moving the body and sparking the
imagination through effects: motion, vibration and texture. D-BOX
has collaborated with some of the best companies in the world to
deliver new ways to enhance great stories. 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. (TSX: DBO) is headquartered in Montreal
with offices in Los Angeles, USA and Beijing, China. Visit
D-BOX.com.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
D-BOX TECHNOLOGIES INC.
David MontpetitChief Financial Officer450-442-3003,
ext. 296dmontpetit@d-box.com
D Box Technologies (TSX:DBO)
Historical Stock Chart
From Aug 2024 to Sep 2024
D Box Technologies (TSX:DBO)
Historical Stock Chart
From Sep 2023 to Sep 2024