Source: D-Box
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  • D-BOX (DBO) recovers from ransomware cyberattack and announces the gradual resumption of its activities
  • All major IT systems have been restored and the restoration work should be finalized in the next few weeks
  • It believes that the impact of the cyberattack was limited to internal systems and that its services to studios and theatre operators were not affected
  • D-BOX, as a precautionary measure, offered all its employees and directors an identity theft and fraud protection service through Equifax for a period of 12 months
  • As a result of the cyberattack, the release of the required filings will be deferred until after the prescribed August 14, 2021 deadline
  •  D-BOX Technologies Inc. (DBO) is in the grey, trading at C$0.10 at 11:33 am ET

 D-BOX Technologies Inc. (DBO) is resuming its activities following a ransomware cyberattack against its internal IT systems.

All major IT systems have been restored and the restoration work should be finalized in the next few weeks. Production was never completely interrupted, and recovery of its various internal IT systems has begun.

Although the release of the corporation’s unaudited and condensed interim consolidated financial statements and management’s discussion and analysis for the quarter ended June 30, 2021, will be deferred.

D-BOX is in a position to announce that it anticipates, on a provisional basis, estimated revenues of $ 3.1 million for the first quarter ended June 30, 2021, an increase of approximately 40 per cent compared to the same quarter last year.

D-BOX has always maintained a clear separation between its internal IT systems and services for its partners. It believes that the impact of the cyberattack was limited to internal systems and that its services to studios and theatre operators were not affected.

In addition, according to the report of an external firm specializing in cyber incidents, analyses show that its clients’ systems were not breached or affected during the cyberattack.

Therefore, D-BOX does not anticipate that any security patches to its services or software updates will be required for its partners as a result of the cyberattack.

D-BOX, as a precautionary measure, offered all its employees and directors an identity theft and fraud protection service through Equifax for a period of 12 months.

As a result of the cyberattack, the release of the required filings will be deferred until after the prescribed August 14, 2021 deadline. Management will work to produce the Required Filings as soon as possible, but the delay could be two to four weeks.

D-BOX creates and redefines realistic, immersive entertainment experiences by moving the body and sparking the imagination through effects: motion, vibration and texture.

 D-BOX Technologies Inc. (DBO) is in the grey, trading at C$0.10 at 11:33 am ET.

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