- On March 27, 2023, Lumen Technologies, Inc (NYSE:LUMN) reported it faced two cybersecurity incidents.
- Last week Lumen discovered that a malicious intruder had inserted criminal ransomware into a limited number of its servers that support a segmented hosting service, degrading the operations of a small number of its enterprise customers.
- Lumen’s recent implementation of enhanced security software has led to its discovery that a separate sophisticated intruder accessed a limited number of its internal information technology systems.
- Also Read: Microsoft Cautions Against More Russia Led Ransomware Attack
- Lumen does not believe the incidents will likely adversely impact its ability to serve its customers or its business, operations, or financial results per its investigation.
- Lumen is working with outside forensic firms to contain the incidents and implementing business continuity plans to restore functionality to its customers’ operational and business systems.
- Lumen also notified law enforcement and regulatory authorities, impacted customers, launched investigations, and took additional steps to safeguard its systems.
- Lumen is working with several external advisors, impacted customers, and relevant authorities to assess and mitigate the impacts of the ransomware incidents.
- Price Action: LUMN shares traded higher by 2.90% at $2.48 on the last check Monday.
CommScope Launches New AI-based Software to Optimize Broadband Operator’s Network Capacity, Efficiency and Quality
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