WestRock Reports Ransomware Incident

ATLANTA–(BUSINESS WIRE)– WestRock Company (WRK) today announced that on Jan. 23, 2021, the Company detected a ransomware incident impacting certain of its operational and information technology systems.

Promptly upon its detection of the incident, the Company initiated response and containment protocols. The Company’s security teams, supplemented by leading cyber defense firms, are working to remediate this incident. The Company has notified law enforcement and reached out to its customers to apprise them of the situation.

Systems recovery efforts are in process and being implemented as quickly as possible, and teams are working to maintain the Company’s business operations and to minimize the impact on its customers and teammates.

Although WestRock is actively managing this incident and will continue to do so, it has caused and may continue to cause delays in parts of the Company’s business and may result in a deferral or loss of revenue and incremental costs that may adversely impact WestRock’s financial results.

Read full disclosure on SeekingAlpha, who subsequently reported that WestRock shares were down 3.5% pre-market. As we’ve seen repeatedly, however, most down-turns linked to security incidents are temporary.

About the author: Dissent

Comments are closed.