Incident disclosureDisclosed 2024-08-01Meta Materials Inc.SEC filing

Meta Materials Inc. discloses a cybersecurity incident (SEC 8-K, August 2024)

On July 25, 2024, Meta Materials Inc. (the “Company”) became aware that its website, email system and other related information technology (IT) systems were significantly disrupted and taken offline.

What happened

  • Upon detecting the disruption, the Company immediately began taking steps to restore, contain, and remediate the incident with internal and external cybersecurity experts, including beginning an investigation as to the cause of the disruption.Form 8-K Item 1.05, Meta Materials Inc., filed 2024-08-01
  • On initial investigation, the Company learned that a former executive officer of the Company deliberately de-activated and cancelled the renewal of the Company’s website, which significantly impacted the Company’s IT systems, including delivery and receipt of electronic email communications from customers, investors and other stakeholders of the Company.Form 8-K Item 1.05, Meta Materials Inc., filed 2024-08-01
  • The Company, along with its internal and external cybersecurity experts, continue to work diligently to respond to and mitigate any impact from the incident.Form 8-K Item 1.05, Meta Materials Inc., filed 2024-08-01

The failure pattern

Watch the pattern: Insufficient segmentation lets a foothold spread

Related standards

CollectSEA's mapping through this incident's failure pattern; not an official determination by the standards bodies.

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