Frontier Communications Parent Inc (NASDAQ:FYBR) shares are experiencing weakness in Thursday’s after-hours session after the company disclosed an operational disruption due to a cyberattack.
What Happened: In a regulatory filing released after the bell on Thursday, Frontier said it detected a third party had gained unauthorized access to portions of its information technology business on April 14.
After detecting the unauthorized access, the company initiated its cyber incident response protocols, including shutting down certain systems, which resulted in “an operational ...