Key Takeaways From Sinclair Broadcast's Ransomware Attack

Sinclair Broadcast Group Inc SBGI detected and began investigating and taking steps to contain a potential security incident on October 16.
On October 17, Sinclair detected that ransomware encrypted specific servers and workstations in its environment and disrupted particular office and operational networks.
The company confirmed that data also was taken from its network.
Sinclair is working to determine what information the data contained and take other actions based on its review.
Sinclair engaged cybersecurity forensic firm Legal counsel and other incident response professionals. It also notified law enforcement and other governmental agencies.
The forensic investigation remains ongoing.
The event has disrupted and may continue to disrupt parts of the company's business. It is working diligently to restore operations quickly and securely.
Sinclair is yet to understand the incident's impact on the company's business, operations, or financial results.
Price Action: SBGI shares traded lower by 2.87% at $26.41 on the last check Monday.

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