Brunswick marine products suffers cyberattach impacting orders and production

Brunswick Corporation, a marine-products company, has reported a cyberattack but with very limited information about the incident.

The impact of the attack, including lost production and backorders, is expected to extend into at least the third quarter.

The company stated that it has made significant progress in restoring system functionality and restarting operations at affected facilities. Most of its global manufacturing and distribution facilities are now operational.

Brunswick has not confirmed whether the incident involved a ransomware attack, but the indicators of disrupted operations lead to the conclusion of a massive ransomware attack.

Update - On December 20, 2023, Brunswick Corporation, reported that th breach has impacted sensitive data of employees and customers, including Social Security numbers, driver's license numbers, and healthcare information. The company responded by containing the incident, notifying law enforcement, and initiating an investigation with cybersecurity experts. Affected individuals received notification letters detailing the compromised information.

Some dealers have reported ongoing difficulties accessing dealer webpages and placing orders, resorting to alternative methods to continue business.

Despite pressure to disclose cyberattacks, companies and governments often hesitate to provide detailed information due to concerns about reputational damage and potential impact on stock prices. Brunswick's shares have dropped by 7% since the cyberattack was revealed, while the S&P 500 index has experienced a 1% decline during the same period.