CardioComm Solutions Faces Cybersecurity Incident Impacting Operations and Share Trading
CardioComm Solutions [1] [2] [4] [5] [6], a Toronto-based company specializing in cardiac monitoring and electrocardiogram software [4], recently experienced a significant cybersecurity incident that disrupted its business operations [2] [5]. This incident has resulted in the temporary unavailability of their website and has impacted certain products. However, the company assures its customers that no personal health information has been compromised.
Description
The cyberattack on CardioComm’s servers has caused their website to be temporarily unavailable and has affected products such as the HeartCheck CardiBeat and Global Cardio 3 software. Despite this, the company emphasizes that no personal health information has been compromised because their software operates on individual client-server environments and does not collect patient data. As a precautionary measure, the company will be offering identity theft monitoring to its employees.
In addition to the cyberattack, CardioComm faces other challenges. Trading in their shares has been suspended [3], and they have been ordered to cease trading by the Ontario Securities Commission [3]. The company plans to apply for reinstatement on the TSX Venture Exchange [3], but the filing process will be delayed due to the security breach.
As the investigation into the cyberattack continues, updates on the situation will be provided to keep stakeholders informed. The company’s corporate website is currently offline as they respond to the incident [4], but they are working diligently to restore their data and production server environments with the help of cybersecurity experts. The response and recovery efforts of CardioComm will be crucial in determining the long-term impact on its services and reputation [5].
Conclusion
The cybersecurity incident has had significant impacts on CardioComm, including the temporary unavailability of their website and the suspension of share trading. However, the company is taking steps to mitigate the effects of the incident, such as offering identity theft monitoring to employees and working to restore their data and production server environments. The long-term impact on CardioComm’s services and reputation will depend on the success of their response and recovery efforts.
References
[1] https://www.infosecurity-magazine.com/news/security-incident-cardiocomm/
[2] https://techcrunch.com/2023/07/26/cardiocomm-ecg-monitoring-cyberattack/
[3] https://www.bitdefender.co.uk/blog/hotforsecurity/heart-monitor-manufacturer-hit-by-cyberattack-takes-systems-offline/
[4] https://www.bankinfosecurity.com/cardiac-monitoring-software-firm-hit-cyberattack-a-22661
[5] https://cybermaterial.com/cardiocomm-announces-cybersecurity-incident/
[6] https://www.linkedin.com/pulse/cyber-briefing-20230727-cybermaterial
