2020-06-11 NanoVibronix, Inc. Cybersecurity Incident

Page last updated on April 11, 2024

NanoVibronix, Inc. initially disclosed a cybersecurity incident in an SEC 8-K filing on 2020-06-11 17:06:21 EDT.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date:
Disclosure Date: 2020-06-11
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2020-06-11

NanoVibronix, Inc. filed an 8-K at 2020-06-11 17:06:21 EDT
Accession Number: 0001493152-20-011017

Item 8.01 Other Events.

NanoVibronix, Inc. (the “Company”) recently experienced a cybersecurity incident. Specifically, the Company believes that one or two unauthorized third parties were able to use an email domain similar to the Company’s to convince two of the Company’s vendors to send payments in the aggregate amount of approximately $308,000 to unauthorized bank accounts that should have been sent to the Company. One of the vendors has informed the Company that they successfully reclaimed $78,000 of the fraudulent transfers and expects to deposit such amount into the Company’s account.

The Company’s management has launched an investigation into the incident and have notified the appropriate government authorities. The Company currently does not maintain an insurance related to cybersecurity breaches. The Company is exploring a range of steps to enhance its security protections and prevent future unauthorized activity. The Company is also working with a cybersecurity investigation firm to fully access the incident and take additional remedial measures.

8-K filed on 2020-07-08

NanoVibronix, Inc. filed an 8-K at 2020-07-08 15:08:05 EDT
Accession Number: 0001493152-20-012847

Item 8.01 Other Events.

On July 7, 2020, NanoVibronix, Inc. (the “Company”) issued a press release announcing that effective June 22, 2020, it has entered into a two-year exclusive agreement with Ultra Pain Products, Inc. for the distribution of the Company’s proprietary PainShield(TM) devices and components through and by Durable Medical Equipment (DME) Distributors throughout the United States. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference herein.

As previously reported, the Company recently experienced a cybersecurity incident. Specifically, the Company believes that one or two unauthorized third parties were able to use an email domain similar to the Company’s to convince two of the Company’s vendors to send payments in the aggregate amount of approximately $308,000 to unauthorized bank accounts that should have been sent to the Company. One of the vendors successfully reclaimed $78,000 of the fraudulent transfers and has deposited such amount into the Company’s account, while the other vendor recently informed the Company that it has recovered the remaining $230,000 of the fraudulent transfers and expects to deposit such amount into the Company’s account.

Company Information