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Jet engine dealer to major airlines discloses ‘unauthorized activity’

February 12, 2024

Willis Lease Finance Corporation has admitted to US regulators that it fell prey to a “cybersecurity incident” after data purportedly stolen from the biz was posted to the Black Basta ransomware group’s leak blog.

The form 8-K filed with the Securities and Exchange Commission (SEC) on February 9 revealed the NASDAQ-listed company became aware of a potential break-in on January 31, prompting swift efforts to remediate things.

“An investigation into the nature and scope of the incident was launched with the assistance of leading third-party cybersecurity experts and the company took steps to contain, assess, and remediate the activity, including taking certain systems offline,” the filing reads.

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