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Garmin Confirms Reported Cyberattack

Garmin Ltd. (NASDAQ: GRMN) said Monday that it was the victim of a cyberattack on July 23. 

Benzinga · -

Garmin Ltd. (NASDAQ:GRMN) said Monday that it was the victim of a cyberattack on July 23. 

What Happened: Garmin, the popular GPS company, was down late last week and for some users into the weekend. The attack prevented site users from uploading fitness tracking data, and some pilots had reported being unable to download necessary information used for flights.

It was suspected that Garmin had been attacked by ransomware when the site first went down, and Garmin confirmed the outage.

Employees had said that they believed the attack originated in Taiwan and that attackers were demanding a $10-million ransom, according to reports from ZD.net and BleepingComputer.com. 

Garmin did not confirm any of those specifics over the weekend or in their Monday press release. 

What's Next: Late Sunday night and into Monday, Garmin users were once again able to sync their data on Garmin Connect or other popular sites such as Strava. Garmin said no personal information was taken, including payment information, and added that the functionality of Garmin-enabled products functionality was not compromised.

The company said its site and support lines are back up  and running. 

Garmin is the latest major company to be hit by an online attack. Twitter Inc  (NYSE:TWTR) was compromised earlier this month, with many prominent users experiencing account hacks.

Photo courtesy of Garmin.