Flexible Circuit Technologies Suffers Ransomware Attack

Company Overview

Flexible Circuit Technologies (FCT) stands as a leading global supplier in the realm of flexible circuits, rigid flex, flexible heaters, flat flex cables, membrane switches, and plastic moldings. The company excels in providing not only superior flex design services but also value-added assembly, and comprehensive solutions from product modules to complete product box builds. Leveraging their expertise in flex and rigid flex design, FCT delivers cost-effective solutions that meet the specific requirements of their customers. Their services encompass design, prototyping, production, and assembly, with Asia-based production facilities ensuring the delivery of quality products at competitive prices.

Vulnerabilities and Targeting

The manufacturing sector has seen a notable increase in ransomware attacks, with the most frequently targeted subsectors being metal components (17%), automotive (8%), and plastics/technology (6%). Given its significant role in manufacturing flexible circuits and other components, Flexible Circuit Technologies may have been specifically targeted due to its industry position. Notably, the company's website lacks detailed information regarding its cybersecurity measures or any recent disclosures concerning security breaches or vulnerabilities.

Impact and Response

The full impact of the ransomware attack on Flexible Circuit Technologies remains uncertain. To date, the company has not released any public statements concerning the attack or outlined its response strategy. The extent to which the company's operations or customer data have been affected by the attack is currently unknown.

The ransomware attack on Flexible Circuit Technologies underscores the escalating cyber threat landscape facing manufacturers. It is imperative for companies within this sector to elevate their cybersecurity protocols to safeguard their operations and protect customer data against potential cyber threats.

Sources

• Flexible Circuit Technologies. (n.d.). Retrieved April 10, 2024, from https://www.flexiblecircuit.com/
• NAM. (2022, March 15). Ransomware Attacks Increasingly Targeting Manufacturers. Retrieved April 10, 2024, from https://nam.org/ransomware-attacks-increasingly-targeting-manufacturers-17684/