Shares of Amagi Media Labs fell as much as 2.5% on Thursday, October 22, after the company reported a cybersecurity extortion attempt involving a threat actor claiming to have obtained operational and network configuration data from some of its systems.

In a disclosure, the company said the threat actor had threatened to publish the data unless a payment was made. Amagi Media is validating the claim, including samples shared by the threat actor, and investigating the incident with the help of external cybersecurity experts and legal counsel.

The company said relevant authorities have been notified and the investigation is underway to determine the systems and data involved, as well as identify any customers who may be affected.

Based on the investigation so far, there has been no disruption to the company’s services and no evidence of an impact on customer operations.

The company does not expect any material financial impact at this stage and said it would inform the stock exchanges of any material developments.

Shares of Amagi Media Labs were trading 0.8% lower at ₹562.30 at 12:32 pm, after falling as much as 2.5% following the announcement. The stock has declined 3.3% over the past month but has gained 61.4% so far this year.

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