4. Ingram’s scrape with cyber-attackers
When? July
Ingram Micro earlier this month acknowledged that it may suffer a “potential loss of business” in the wake of its ransomware attack in early July.
The NYSE-listed broadliner credited its Xvantage platform for helping it “quickly” restore operations in the wake of the incident.
It has also enjoyed support from the UK channel community.
But on a Q2 earnings call, Ingram said it expects year-on-year growth to slow from 11% to around 3% (at the midpoint) between Q2 and Q3 after the attack temporarily left it unable to trade.
“I can say quite positively that we’ve seen good indicators of business returning to more expected levels since bringing our systems back online,” Ingram CFO Mike Zilis said on the earnings call, however.
Ingram Micro hasn’t issued an update on its dedicated cyber-attack blog since reports emerged that the SafePay ransomware gang is allegedly threatening to leak Ingram data allegedly stolen in the attack.
On its Q2 earnings call, CEO Paul Bay acknowledged that “certain data was exfiltrated from our systems”.
“Should we determine that personal information was affected, we will provide notification based on relevant regulations,” he added.
Bay said he was “incredibly grateful for the outpouring of support” Ingram received from its customers and partners in the wake of the attack.
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