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 * Casio Confirms Cyberattack, Calls in Experts to Investigate Data Security

Categories: Cyber NewsData Breach NewsFirewall Daily


CASIO CONFIRMS CYBERATTACK, CALLS IN EXPERTS TO INVESTIGATE DATA SECURITY

Source: Freepik

Japanese tech giant Casio has confirmed it suffered a significant cyberattack on
October 5, 2023, following unauthorized access to its networks, which led to
considerable disruption of its services. Casio, well-known for its diverse range
of electronic products—including watches, calculators, musical instruments, and
cameras—released an official announcement detailing the Casio cyberattack
incident.

“Casio Computer Co., Ltd. confirmed that its network had been illegally accessed
by a third party on October 5th of this year. After conducting an internal
investigation, it was determined that the unauthorized access had caused a
system failure, resulting in the inability to provide some services,” stated the
announcement on Casio’s website.


INVESTIGATING THE CASIO CYBERATTACK

The company is actively investigating the Casio data breach and has engaged an
external specialist agency to determine whether any personal information or
sensitive data was compromised during the attack. The ongoing Casio cyberattack
investigations are critical for understanding the extent of the breach and for
taking necessary remediation steps.

The immediate response from Casio included reporting the incident to the
relevant authorities and implementing measures to restrict external access to
its networks. “We are currently investigating the details, and an external
specialist agency is also investigating to confirm whether any personal
information or other important information has been leaked,” the statement
elaborated.

While Casio has acknowledged the disruption to its services, it has not
specified which services are affected. This lack of detail regarding Casio
cyberattack raises concerns among customers and stakeholders about potential
impacts on operations and the integrity of sensitive data


.


CASIO PREVIOUS CYBERSECURITY INCIDENTS

This latest follows a troubling trend for Casio, as the company reported a
previous data breach around a year ago. In that incident, hackers accessed the
servers of Casio’s ClassPad education platform, exposing customer data.
Information compromised in that breach included names, email addresses,
countries of residence, service usage details, purchase information, license
codes, and order details.

Casio reassured the public that, during that incident, no other company assets
were compromised. However, the repeat of such cybersecurity incidents puts a
spotlight on the company’s data protection measures and overall cybersecurity
posture.


FINANCIAL IMPLICATIONS AND SHAREHOLDER CONCERNS

The timing of the cyberattack poses additional challenges for Casio, as the
company recently informed shareholders of an impending extraordinary loss of
approximately $50 million due to large-scale personnel restructuring. This
financial strain raises questions about how the company will navigate the dual
pressures of operational disruptions from the cyberattack on Casio and the
financial repercussions of restructuring.

Casio is expected to provide updates as investigations unfold and more
information becomes available. The company is working diligently to restore
normal operations and reassure customers and stakeholders of its commitment to
cybersecurity.

The ongoing investigation into this latest attack will likely result in lessons
learned and further improvements to their security posture, crucial for
rebuilding trust among customers and shareholders alike.

Subscribe to updates Unsubscribe from updates

Tags: CasioCasio cyber incidentCasio CyberattackCasio Data Breachdata breach
newsThe Cyber ExpressThe Cyber Express News
2 days ago
Samiksha Jain

Samiksha Jain is a seasoned journalist with 9 years of experience, passionately
unraveling the intricate world of cybersecurity for The Cyber Express. Her
expertise shines through in her compelling articles on data breaches and
cyberattacks. When she's not writing, you can find Samiksha exploring new
destinations or enjoying playful moments with her 2-year-old. Balancing the
demands of journalism and motherhood, she embodies a dynamic blend of curiosity
and care.

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