Summary
ONEOK Inc. (OKE) filed an 8-K on April 4, 2018, to disclose a precautionary measure taken regarding a cyberattack on a third-party Electronic Data Interchange (EDI) services provider. While natural gas pipelines are operating normally, the company has temporarily disabled service with this provider, which is used by some of OKE's customers. This action is purely precautionary and aims to safeguard against potential impacts from the cyberattack targeting the EDI provider. Investors should note that this filing is primarily a Regulation FD disclosure to inform the public of a cybersecurity event affecting a service provider, not the company directly. OKE emphasizes that its core operations, specifically its natural gas pipelines, remain unaffected and are functioning normally. The company is taking proactive steps to manage the situation and protect its systems and customer data.
Key Highlights
- 1ONEOK Inc. (OKE) filed an 8-K on April 4, 2018.
- 2The filing is a Regulation FD Disclosure (Item 7.01).
- 3A third-party Electronic Data Interchange (EDI) services provider, used by some OKE customers, was targeted in an apparent cyberattack.
- 4As a precautionary step, OKE has temporarily disabled service with this affected EDI provider.
- 5ONEOK's natural gas pipelines are operating normally and are unaffected by this event.
- 6The company is taking proactive measures to protect its systems and customers.
- 7Exhibit 99.1 is a news release dated April 3, 2018, detailing this information.