Haynes International Cyberattack Estimated Cost is $18-$20 Million
INCIDENT
On June 10, 2023, the Company began experiencing a network outage indicative of a cybersecurity incident.
Various aspects of the Company’s networks were down.
On June 21, 2023, less than 2 weeks after the incident began, the Company announced that all manufacturing operations were running and that it had substantially restored administrative, sales, financial and customer service functions. Nevertheless, during those 11 days many aspects of the Company’s production were substantially disrupted.
Incident Date
June 10, 2023
Location
Estimated Cost
Impact $18 - $20 million. Manufacturing Operations disrupted for almost 2 weeks.