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AmextaFinance > Markets > Stocks > Boeing’s spare parts platform succumbs to cyberattack
Stocks

Boeing’s spare parts platform succumbs to cyberattack

News Room
Last updated: 2023/11/03 at 9:09 AM
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© Reuters

Boeing (NYSE:) Co.’s official trading platform for spare aircraft parts and software was hit by a cyberattack, leading to a system shutdown. The aerospace company responded to the attack by deactivating its supplies webpage, a move that mirrors a tactic used by MGM Resorts (NYSE:) International in a comparable situation.

The cyberattack was reportedly carried out by Lockbit, a criminal gang linked to Russia. The group had issued a ransom demand, threatening to expose sensitive data if their demands were not met by November 2nd. However, the sudden removal of Boeing’s name from Lockbit’s website has led to speculation about the incident’s resolution.

Despite this cyber incident, Boeing sustained manual operations and communicated updates via conference calls with customers. It remains unclear whether the website’s downtime was a direct result of hacker activity or if it was a proactive measure taken by Boeing in anticipation of potential cyber threats.

Boeing confirmed that its parts and distribution business were impacted by the cyberattack but assured that flight safety remained unaffected. The ambiguity persists over whether hackers forced the shutdown or if it was a preemptive move by Boeing in light of potential cyber threats. As the situation unfolded, Boeing refrained from making any immediate comments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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News Room November 3, 2023 November 3, 2023
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