LH - Enzo Biochem slips after ransomware attack

2023-04-14 06:57:11 ET

• Enzo Biochem ( NYSE: ENZ ) shed ~2% pre-market Friday after announcing a ransomware attack that has compromised the company’s IT systems and led to the extraction of certain data.
• The company also warned that risks and uncertainties remain due to data extraction.
• In a regulatory filing late Thursday, Enzo ( ENZ ) said that investigations are underway to probe the incident and the impact of a data leak that resulted from the incident.
• Farmingdale, New York-based Enzo ( ENZ ) added that the company experienced the incident on Apr. 06, prompting the management to activate its disaster recovery plan to run operations amid efforts to bring its systems back online.
• The company expects to fully restore or replace the affected systems in the coming days and projects certain expenses related to the incident.
• Read: Enzo ( ENZ ) shares surged in March after announcing LabCorp ( LH ) acquired its Clinical Laboratory division.

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