Precipio Identifies Unauthorized Access to Isolated Storage; No Operational Impact

Core Viewpoint - Precipio, Inc. reported a limited unauthorized access incident to a specific data folder within its secure cloud environment, which did not affect its operations, diagnostics, or customer services [1][5]. Incident Details - The unauthorized access was confined to a file storage server and did not impact patient care or the company's financials [1][5]. - An external cybersecurity law firm and forensic specialists were engaged to assist in the investigation and ensure system security [2]. - The investigation revealed that the unauthorized party accessed historical files containing operational procedures, temperature logs, and vendor invoices, which posed no risk to the company [3]. Security Measures - The company took immediate action to secure its environment, including resetting passwords company-wide and enhancing monitoring [2][4]. - Current assessments suggest that the incident was limited in scope, and systems remain stable [4]. Financial Implications - Precipio maintains a comprehensive cybersecurity insurance policy, which is expected to cover costs related to the investigation and response efforts [5]. - The company does not anticipate any material impact on its operations, customers, patient care, or shareholders as a result of this incident [5]. Company Overview - Precipio is a healthcare biotechnology company focused on cancer diagnostics, aiming to reduce cancer misdiagnoses through innovative diagnostic products and services [6]. - The company develops technologies to improve diagnostic outcomes and commercializes these as proprietary products for the global laboratory community [6].