AerCap Faces Cybersecurity Breach: Ransomware Attack on January 17

AerCap Holdings, a prominent player in the aircraft leasing industry, disclosed that it fell victim to a cybersecurity incident involving ransomware on January 17th.
Cybersecurity for CSOsIn a statement, the company reassured stakeholders, stating, “We have full control of all of our IT systems and, to date, we have suffered no financial loss related to this incident.” However, the lessor is actively engaged in assessing the potential impact on its data.

AerCap Holdings, which boasts partial ownership by General Electric (GE), recently reported robust financials for the third quarter of 2023. The company recorded revenue of $1,892 million, accompanied by a net income of $1.1 billion during this period.

It is noteworthy that AerCap had previously disclosed changes in GE’s ownership stake. Following a successful secondary offering in the third quarter of 2023, GE’s ownership in AerCap decreased from 33.6 percent to 14.5 percent. This marks a significant reduction from the 45 percent stake at the beginning of the same year.

As AerCap grapples with the aftermath of the cybersecurity incident, industry observers will be keenly watching for further updates on the extent of data impact and the company’s efforts to secure its IT infrastructure. The incident underscores the persistent threat of cyberattacks on businesses across various sectors and the critical importance of robust cybersecurity measures.

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