Johnson Controls Ransomware Cleanup Costs Top $27M & Counting

Johnson Controls, a multinational conglomerate producing automotive parts and HVAC equipment, has reportedly suffered an expensive ransomware attack. The costs of dealing with the aftermath have escalated, topping an exorbitant $27 million and counting, based on the company’s latest disclosures. However, in a positive development, Johnson Controls assured stakeholders in its latest SEC sheets that its smart-factory installations were not compromised during the attack. This revelation has offered some relief and has eased fears within the industry regarding physical security.

Published: Wed, 31 Jan 2024 21:45:00 GMT