Frontier (NASDAQ:FYBR) reports major cybersecurity breach
Frontier Communications Parent (NASDAQ:FYBR) has reported a significant cybersecurity incident detected on April 14, 2024, where unauthorized access was gained to parts of its IT infrastructure by what is suspected to be a cybercrime group.
The telecommunications company swiftly enacted its cyber incident response protocols to mitigate the breach, which included shutting down key systems to contain the breach but led to notable disruptions in operations.
The intruders reportedly accessed various types of data, including personally identifiable information.
Despite the potential severity of the breach, Frontier believes it has successfully managed to contain the incident and has largely restored its core IT operations to normal.
Frontier has taken comprehensive steps following the detection of the breach. These include the engagement of external cybersecurity professionals to aid in the investigation and the implementation of additional security measures to fortify its systems.
Furthermore, the company has reported the incident to law enforcement agencies.
As investigations continue, Frontier maintains that the breach is unlikely to have a lasting impact on its financial health or operational results.
The company is currently focused on fully restoring all business operations and ensuring that all vulnerabilities are addressed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
