Keytronic, an electronic manufacturing services supplier, has said that it lost more than $17 million as a result of a ransomware assault in May. The American technology firm established in 1969 as an Original Equipment Manufacturer (OEM) of keyboards and mice, but has since grown to become one of the leading global manufacturers of printed circuit board assembly (PCBA), with operations in the United States, Mexico, China, and Vietnam.
In a filing with the Securities and Exchange Commission (SEC) last Friday, Keytronic stated that it detected the incident on May 6 after outages at its Mexico and U.S. sites affected business systems allowing bot operations and corporate services.
“Due to this event, the Company incurred approximately $2.3 million of additional expenses and believes that it lost approximately $15 million of revenue during the fourth quarter,” the company noted. “Most of these orders are recoverable and are expected to be fulfilled in fiscal year 2025. Partially offsetting these additional expenses was an insurance gain in the amount of $0.7 million that was also recorded during the quarter.”
Keytronic originally disclo
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