Skip to main content

Market Overview

Navistar Hit By Cyberattack But 'Minimizing Potential Impact'

Share:
Navistar Hit By Cyberattack But 'Minimizing Potential Impact'

Navistar International Corp. (NYSE: NAV) told the Securities and Exchange Commission on Monday that it was hit by a cyberattack in late May. 

The Lisle, Illinois-based truck and bus manufacturer said it is "minimizing potential impact" by working with third-party cybersecurity experts and federal law enforcement.

Navistar provided brief details in an 8-K SEC filing, saying it received a claim on May 31 that certain data had been extracted from the company's IT system. 

A Navistar spokeswoman declined to say whether the company received a ransom demand or paid one.

"Following our incident response protocols, we immediately launched an investigation and deployed a series of countermeasures to protect our systems," the company said in a statement. "The investigation is ongoing and we have taken proactive steps to help minimize the potential impact."

Navistar is finalizing a merger through which it will become a subsidiary of Volkswagen AG's TRATON Group following a March shareholder vote approving a $3.7 billion merger.

Navistar pays $50M to settle military vehicle pricing fraud allegations

Navistar conducts second recall and expands campaign for connector rod defect

Navistar shareholders greenlight $3.7B merger with TRATON

Click for more FreightWaves articles by Alan Adler.

Image Sourced from Pixabay

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

Related Articles (NAV)

View Comments and Join the Discussion!

Posted-In: cyber security cyberattack electric trucks Freight Freightwaves LogisticsTech General