Ransomware Steals Meeting Videos and Financial Data Ahead of SEC Filing
Jewett-Cameron Trading, a manufacturer of metal and wooden fencing, has informed the U.S. Securities and Exchange Commission (SEC) of a cyberattack in which attackers gained access to video recordings of corporate meetings and confidential financial documents. The company stated that the incident occurred on October 15, resulting in the encryption of portions of its internal systems and the installation of surveillance software.
In a notice to investors, Jewett-Cameron explained that the hackers encrypted corporate data and demanded a ransom, threatening to publish the stolen material. Among the exfiltrated data were screenshots and video conference recordings that may have contained sensitive information, including materials prepared for the company’s upcoming annual financial report. The attack forced the firm to temporarily disable several business applications and transition multiple internal processes to manual operation.
In addition to the videos and screen captures, the perpetrators also stole internal IT documentation and financial summaries that Jewett-Cameron had been compiling for its Form 10-K submission to the SEC. The filing, originally scheduled for mid-November, may now face delays. The company reported that containment efforts have been largely completed, though system recovery and workstation restoration are still underway.
Jewett-Cameron stated that, based on preliminary findings, no personal data belonging to employees, clients, or suppliers appears to have been compromised, though the investigation remains ongoing. The point of intrusion has been identified and mitigated, but the company has not disclosed how the attackers initially gained access. Cybersecurity specialists have been brought in to assist with remediation, and law enforcement agencies have been notified.
Although part of the damage is covered by the company’s cyber insurance policy, Jewett-Cameron acknowledged that the incident has significantly disrupted operations and will likely impact financial performance for the first quarter of fiscal year 2026.
Founded in 1953 as a lumber brokerage, Jewett-Cameron has since evolved into a major manufacturer and wholesale distributor of construction and garden products — ranging from metal posts and gates to goods made from recycled materials.
The FBI previously warned in 2021 that ransomware groups increasingly exploit the timing of annual financial reports and other high-stakes corporate events to maximize pressure on victims. According to the bureau, such groups monitor public sources, analyze stock valuations, and collect internal company data, threatening to leak it publicly if ransom demands are not met.
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