"...we detected a ransomware attack impacting certain of our operational and information technology systems. We are in the early stages of investigating the incident, together with law enforcement authorities, legal counsel and other incident response professionals. While we have recovered many of our critical operational data and business systems, the attack could lead to the public disclosure of customer data, our trade secrets or other intellectual property, or personal information of our employees. The release of any of this information could have a material adverse effect on our business, reputation, financial condition and results of operations."
Cornerstone did not disclose which incident response professionals are assisting the investigation and data recovery effort. The company also did not disclose if Cornerstone works with MSSPs (managed security services providers) to mitigate cybersecurity risks.
Cornerstone Ransomware Attack: About the Malware Target
Cornerstone is a major supplier of commercial and residential exterior building products -- including windows, doors, roofing, gutters and more. Net sales were $1.08 billion in Q2 2020, according to an August 11 earnings announcement.How MSPs Can Mitigate Ransomware Attack Risks: To safeguard your MSP business and clientele from ransomware attacks, follow this tip sheet.
An In-Depth Guide to Ransomware
Get essential knowledge and practical strategies to protect your organization from ransomware attacks.
Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.
