Security News > 2024 > January > Copy that? Xerox confirms 'security incident' at subsidiary

Xerox has officially confirmed that a cyber baddie broke into the systems of its US subsidiary - a week after INC Ransom claimed to have exfiltrated data from the copier and print giant.

Xerox Business Solutions, a subsidiary of Xerox, offers a range of products and services, from managed IT and print services, to robotic process automation solutions, and more.

Xerox doesn't detail XBS's financials in its annual or quarterly reports, but the company exceeded $1 billion in revenue prior to being acquired by Xerox in 2007.

"We are actively working with third-party cybersecurity experts to conduct a thorough investigation into this incident and are taking necessary steps to further secure the XBS IT environment," Xerox's statement read. "The incident had no impact on Xerox's corporate systems, operations, or data, and no effect on XBS operations."

The removal of the post could suggest a number of things, but chief among them is that Xerox has re-engaged with INC Ransom over ransom negotiations.

A feasible scenario is that Xerox has agreed to re-enter ransom talks in exchange for the stolen data to be taken offline.

News URL

https://go.theregister.com/feed/www.theregister.com/2024/01/03/xerox_inks_confirmation_of_security/