American Water Works Company, Inc. (AWK, Financial) has disclosed a cybersecurity incident involving unauthorized activity within its computer networks and systems. The company discovered the breach on October 3, 2024, and promptly initiated its incident response protocols. Third-party cybersecurity experts have been engaged to assist with containment and mitigation efforts, and an investigation into the nature and scope of the incident is underway.
In response to the incident, American Water Works has notified law enforcement and is fully cooperating with their investigation. The company has taken immediate steps to protect its systems and data, including disconnecting or deactivating certain systems. Importantly, the company currently believes that its water and wastewater facilities and operations have not been negatively impacted by the incident.
While the full impact of the cybersecurity breach is still being assessed, American Water Works does not anticipate that it will have a material effect on the company's financial condition or results of operations. However, the company acknowledges potential risks and uncertainties related to the incident, including the possibility of fines, penalties, or reputational damage, as well as incremental expenses associated with containment and mitigation efforts.
American Water Works is committed to keeping stakeholders informed as the situation develops and will continue to take necessary actions to safeguard its operations and data. The company emphasizes that it does not have any obligation or intention to update forward-looking statements unless required by federal securities laws.
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