Sierra Wireless Announces Ransomware Attack
March 23 2021 - 7:00AM
Business Wire
Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the world’s leading
IoT solutions provider, today announced that it discovered it was
the subject of a ransomware attack on its internal IT systems on
March 20, 2021.
Once the company learned of the attack, its IT and operations
teams immediately implemented measures to counter the attack in
accordance with established cybersecurity procedures and policies
that were developed in collaboration with third-party advisors.
These teams, with the assistance of these and additional
third-party advisors, believe they have addressed the attack, and
are currently working to bring Sierra Wireless’ internal IT systems
back online.
At this time, Sierra Wireless believes the impact of the attack
was limited to Sierra Wireless systems, as the company maintains a
clear separation between its internal IT systems and customer
facing products and services.
As a result of the ransomware attack, Sierra Wireless halted
production at its manufacturing sites. The company’s website and
other internal operations have also been disrupted by the attack.
The company believes it will restart production at these facilities
and resume normal operations soon. In the meantime, Sierra Wireless
asks its customers and partners for their patience as it seeks to
remediate the situation.
Due to these disruptions, Sierra Wireless is at this time
withdrawing the First Quarter 2021 guidance it provided on February
23, 2021.
About Sierra Wireless
Sierra Wireless (NASDAQ: SWIR) (TSX: SW) is the leading IoT
solutions provider that combines devices, network services and
software to unlock value in the connected economy. Companies
globally are adopting IoT to improve operational efficiency, create
better customer experiences, improve their business models and
create new revenue streams. Whether it is an integrated solution to
help a business securely connect edge devices to the cloud, or a
software/API service to help manage processes associated with
billions of connected assets, or a platform to extract real-time
data to make the best business decisions, Sierra Wireless will work
with you to develop the right industry-specific solution for your
next IoT endeavor. Sierra Wireless operates a 24/7/365 Global
Network Operation Center (GNOC) and R&D centers in North
America, Europe and Asia. For more information, visit
www.sierrawireless.com.
Connect with Sierra Wireless on the IoT Blog at
http://www.sierrawireless.com/iot-blog, on Twitter at
@SierraWireless, on LinkedIn at
https://www.linkedin.com/company/sierra-wireless and on YouTube at
https://www.youtube.com/SierraWireless.
“Sierra Wireless” is a registered trademark of Sierra Wireless.
Other product or service names mentioned herein may be the
trademarks of their respective owners.
Forward Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties. These forward-looking statements
relate to, among other things, our efforts to remediate the
ransomware incident; our ongoing systems recovery efforts;
statements as to the impact of the ransomware incident on our
business operations; express or implied statements relating to our
ability to manage the ransomware incident and other statements
contained in this press release that are not historical fact. When
used in this press release, the words "plan", "expect", "believe",
and similar expressions generally identify forward-looking
statements. These statements reflect our current expectations.
Factors that could cause actual results to differ materially from
those expressed or implied include the ongoing assessment of the
incident; adverse legal, reputational and financial effects on the
Company resulting from the incident or additional cyber incidents,
and the effectiveness of the Company’s business continuity plans
during the ransomware incident. Our business is also subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in the wireless data
communications market. In light of the many risks and uncertainties
surrounding the wireless data communications market, you should
understand that we cannot assure you that the forward-looking
statements contained in this press release will be realized.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210323005460/en/
Louise Matich Sierra Wireless Media Relations phone: +1 236 979
2154 pr@sierrawireless.com David Climie Sierra Wireless Investor
Relations phone: +1 604 321 1137 dclimie@sierrawireless.com
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