Key Points
- IMI has confirmed a cybersecurity breach, reporting unauthorized access to its systems.
- External cybersecurity experts have been engaged to investigate and contain the incident.
- The company has not disclosed details on the nature of the attack or the attackers.
- IMI filed a data breach report with the UK’s Information Commissioner’s Office (ICO).
The top British engineering firm IMI has confirmed a cyberattack, notifying the London Stock Exchange of unauthorized access to its systems. The company is actively investigating the breach and has engaged external cybersecurity experts to assess and contain the incident.
IMI’s official filing stated, “IMI is responding to a cybersecurity incident involving unauthorized access to the company’s systems. As soon as IMI became aware of the unauthorized access, the company engaged external cybersecurity experts to investigate and contain the incident.” However, the company has not disclosed specific details about the nature of the attack, the attackers’ identity, or how the breach occurred.
Despite multiple inquiries, IMI has refrained from providing further comments. However, the UK’s Information Commissioner’s Office (ICO) confirmed that IMI has filed a data breach report. This suggests that at least some company data may have been compromised. The ICO is currently reviewing the information and assessing the situation.
IMI, originally founded 1862 as Imperial Metal Industries, is a leading provider of precision, critical, and hydronic engineering solutions. The company specializes in advanced motion and fluid control solutions for industrial automation, valves, and actuators used in the energy and power industries. Additionally, IMI offers heating, cooling, and climate control solutions for commercial buildings.
Serving industries such as oil and gas, pharmaceuticals, power generation, and transportation, IMI is a key player in the engineering sector. In fiscal year 2023, the company reported a pre-tax profit of $398 million, marking a 6% increase compared to the previous year.
IMI has assured stakeholders that it is taking all necessary steps to comply with regulatory obligations and will provide further updates when appropriate. The breach highlights the growing cybersecurity threats industrial and engineering firms face, which are increasingly becoming targets for cybercriminals.
