Cyber Attack Results in Defense Contractor Paying $500,000 Ransom

April 17, 2020

An electronics manufacturer with a defense contract was the recent victim of a ransomware attack that resulted in a paid ransom, upwards of $500,000. California-based Communications & Power Industries (CPI) confirmed that in mid-January it experienced a cyberattack that halted its daily operations that consist of building components for military devices and equipment, like radar, missile seekers and electronic warfare technology.