News and Updates on Information Technology

United States – IPG Photonics

Exploit: Ransomware
IP Photonics: Laser Developer

Risk to Small Business: 2.333 = Severe

Defense contractor and laser developer IP Photonics was hit with a nasty ransomware attack using the RansomExx strain of ransomware, sometimes also dubbed Ransom X. IPG Photonics IT operations were affected worldwide, including internal IT, phones, manufacturing, parts, and shipping.

Individual Risk: No individual information was reported as compromised in this incident

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Manufacturers that get shut down from ransomware don’t just lose data – they also lose production time, fulfillment capability, access to maintenance or operations technology, and other business essentials that can be hard to quantify yet devastating.