Breach taxonomy
Summary
On July 25, 2024, a former executive officer of Meta Materials Inc. deliberately deactivated the company's website, corporate email, and other IT systems before departing the organization. The sabotage caused immediate disruption to the company's online presence and internal operations. The company took steps to restore systems and engaged legal counsel to address the former employee's actions.
Tagging rationale
ThreatPriv Insider
Filing explicitly states that a former executive officer of the company deliberately deactivated IT systems → PRIV-INSIDER.
MethodsSystem OutagePriv Abuse
The former executive used privileged administrative access to deliberately shut down systems (PRIV-ABUSE), resulting in a system outage (SYSTEM-OUTAGE).
AssetsRevenue ProcessProduct Service
The sabotage deactivated the company's website (PRODUCT-SERVICE) and corporate IT systems supporting business operations (REVENUE-PROCESS).
EffectsBiz InterruptionReputation Damage
Deliberate deactivation of the website and IT systems disrupted business operations (BIZ-INTERRUPTION) and damaged the company's public-facing presence (REPUTATION-DAMAGE).
Business continuityPartial
Filing indicates the company was working to restore systems; no statement of full restoration as of filing date → Partial.
Impact
Insider sabotage by former executive causing IT/website outage at a small-cap company; limited in scope and duration with no data exfiltration confirmed → score 2.
InsuranceNot disclosed
Filing makes no mention of insurance → null.
Read the original SEC filing excerpt
Item 1.05 Material Cybersecurity Incidents. On July 25, 2024, the Company became aware that a former executive officer of the Company had deliberately deactivated the Company's website, corporate email, and other information technology systems immediately prior to his departure from the Company. The Company is taking immediate steps to restore its systems and is working with legal counsel to address the former employee's actions.