Ingram Micro Holding Corporation (NYSE:INGM) shares declined 4% in premarket trading after the technology distributor announced it is facing a system outage caused by a ransomware attack targeting certain internal systems.
The company has taken swift measures to address the breach, including proactively shutting down affected systems and deploying other mitigation strategies. Ingram Micro is working with cybersecurity specialists to investigate the incident and has informed law enforcement authorities.
This cyberattack has hindered Ingram Micro’s ability to process and fulfill orders, directly impacting its core distribution business. The company issued an apology to customers, vendors, and stakeholders for the operational disruption caused by the security incident.
While Ingram Micro is “working diligently to restore the affected systems,” it did not provide a timeline for when normal operations might resume or disclose whether sensitive data was compromised.
Cybersecurity threats have increasingly disrupted technology firms and distributors in recent years, often leading to significant operational and financial setbacks. For Ingram Micro, a crucial player in the technology supply chain, extended outages could potentially affect its quarterly financial results if the disruption continues.