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Boat Dealer MarineMax Hit by Cyberattack

MarineMax, one of the world’s largest retailers of recreational boats and yachts, discloses a cyberattack. 

MarineMax, one of the world’s largest retailers of recreational boats and yachts, this week disclosed a cyberattack that has caused some disruption. 

The Florida-based company revealed in a regulatory filing that it detected a ‘cybersecurity incident’ on March 10. Hackers gained access to MarineMax IT systems, which prompted the company to initiate incident response and business continuity protocols. 

Containment efforts led to some disruption, but the publicly traded company said its operations have continued “in all material respects”. 

The incident is still being investigated, but at the time of the regulatory filing it did not have a material impact on operations. The company likely made this note in response to new SEC rules, which require public companies to disclose any material breach within four business days.

“The Company is still in the process of determining whether the incident is reasonably likely to materially impact the Company’s financial conditions or results of operations. The Company does not maintain sensitive data in the information environment impacted by the incident,” MarineMax said.

Based on the limited information that has been made public, this could be a ransomware attack, but no known ransomware group appears to have taken credit for the attack at the time of writing.

SecurityWeek has reached out to the company and will update this article if it responds.

MarineMax sells more than 100 new, used, and brokered boat brands. The company has over 125 locations worldwide, including 78 dealerships and 57 marinas. It has nearly 4,000 employees and it reported a revenue of more than $500 million in the first fiscal quarter of 2024. 

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Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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