Precipio Reports Limited Unauthorized Data Access, No Operational Impact
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2025
0mins
Source: Globenewswire
- Incident Overview: Precipio recently identified unauthorized access to a specific data folder within its secure cloud environment, but the incident was limited to the file storage server and did not impact the company's operations, diagnostics processes, or customer services.
- Response Measures: The company immediately initiated its incident response procedures and engaged an external cybersecurity law firm and forensic specialists to assist in the investigation, ensuring system security while resetting passwords company-wide and enhancing monitoring, with no evidence of continued unauthorized access currently found.
- Data Security: Initial investigations indicate that the unauthorized third party accessed and downloaded files primarily containing historical operational procedures, temperature logs, and vendor invoices, which pose no risk or damage to the company, and did not include any patient Social Security numbers or financial information.
- Financial Impact: Precipio maintains a comprehensive cybersecurity insurance policy and expects that costs associated with the investigation and response efforts will be covered according to policy terms, with no anticipated material impact on operations, customers, patient care, or shareholders as a result of this incident.
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About PRPO
Precipio, Inc. is a healthcare biotechnology company that is focused on cancer diagnostics. The Company’s technologies include HemeScreen and IV-Cell. The HemeScreen panels test for the presence of various mutations. In developing HemeScreen, it focused on improving the economics of providing blood cancer diagnostic tests and reducing laboratory technician time consumed in the testing process. Its technology enables testing to be completed in one rapid scanning process. IV-Cell is a cell culture media that addresses the problem of diagnostic mistakes through the process of selective culturing. IV-Cell is a universal media that enables simultaneous culturing of all four hematopoietic cell lineages. Its product category includes Molecular Kits and IV-Cell Cytogenetics Media. The Molecular Kits include Quantitative MPN Panel, ABL1 Resistance Panel, and others. The Company’s laboratory and research and development (R&D) facilities are located in New Haven, Connecticut and Omaha, Nebraska.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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