German battery manufacturer Varta stops production.
German battery manufacturer VARTA AG faced a cyberattack that forced a temporary shutdown of production at five of the company's plants.
Due to an attack on part of the company's IT infrastructure, the company had to stop operating its IT systems and disconnect them from the Internet for security reasons. It is not yet clear what the full extent of the damage caused by the incident is. Although the incident has all the hallmarks of a ransomware attack, it has not yet been determined whether this type of attack was carried out, and no major group has claimed responsibility for the incident.
In response to the attack, the company activated an emergency plan, creating a working group of cybersecurity experts and computer forensics specialists to help restore systems. The priority for VARTA is to ensure data integrity, for which it was decided to proactively disable the systems.
The shutdown of production operations at five plants without a clear deadline for restoring normal operations led to a 4.75% drop in the price of VARTA shares after the announcement of the cyber attack.
VARTA after cyberattack on February 12
VARTA, which manufactures batteries for the automotive, consumer and industrial applications and is partly owned by Energizer Holdings, has more than 136 years of research and development experience and sells its products worldwide. The company's annual revenue exceeds $875 million.
German battery manufacturer VARTA AG faced a cyberattack that forced a temporary shutdown of production at five of the company's plants.
Due to an attack on part of the company's IT infrastructure, the company had to stop operating its IT systems and disconnect them from the Internet for security reasons. It is not yet clear what the full extent of the damage caused by the incident is. Although the incident has all the hallmarks of a ransomware attack, it has not yet been determined whether this type of attack was carried out, and no major group has claimed responsibility for the incident.
In response to the attack, the company activated an emergency plan, creating a working group of cybersecurity experts and computer forensics specialists to help restore systems. The priority for VARTA is to ensure data integrity, for which it was decided to proactively disable the systems.
The shutdown of production operations at five plants without a clear deadline for restoring normal operations led to a 4.75% drop in the price of VARTA shares after the announcement of the cyber attack.
VARTA after cyberattack on February 12
VARTA, which manufactures batteries for the automotive, consumer and industrial applications and is partly owned by Energizer Holdings, has more than 136 years of research and development experience and sells its products worldwide. The company's annual revenue exceeds $875 million.
