International Game Technology (IGT) reported a cybersecurity breach on November 17, where unauthorized third parties gained access to certain company systems. The incident prompted IGT to implement its cybersecurity response plan and take affected systems offline as a precautionary measure.

The lottery and gaming services provider is working with external advisors to investigate and remediate the unauthorized activity, focusing on safely restoring affected systems to normal operation.

While the financial impact remains unclear, Stifel analyst Jeffrey Stantial suggests the breach's effects will likely be "immaterial" if addressed promptly. Key points about the incident:

• The breach appears limited to internal systems, not affecting consumer-facing operations
• Any potential shipping delays are expected to be brief, lasting days or weeks rather than months
• Business continuity plans are operational, allowing most normal operations to continue

The incident occurred shortly after Everi Holdings shareholders approved a $6.3 billion merger with IGT's global gaming and PlayDigital units, set to complete in Q3 2025. Currently, there's no evidence linking the cyber attack to the merger proceedings.

IGT maintains its position as one of the world's leading providers of lottery services, including state games and scratch tickets. The company continues to work on resolving the security incident while maintaining core business operations.

The company is implementing a comprehensive response strategy, focusing on:

• System security assessment
• Rapid restoration of affected systems
• Maintaining business continuity
• Protecting customer data
• Minimizing operational disruptions

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