Cyberattack Significantly Reduced Caledonian Modular’s Operating Capability

April 29, 2023

INCIDENT

Offsite specialist Caledonian Modular was hit by a catastrophic cyber attack less than two weeks before it sank into administration, a report into the firm’s collapse has revealed. The loss-making firm, which was trying to strike new funding agreements in the days before administration, was also hit by a massive cyber attack on 24 February, 12 days before the administrator was formally appointed on 8 March.

The administrator’s report said the attack “infected its servers and encrypted its data. This reduced the company’s operating capability and would have required significant cost to remedy. It also restricted the information that could be provided to third parties as part of funding negotiations.”

Later, JRL bought Caledonian Modular out of administration and saves the jobs of 200 former workers.

Incident Date

February 24, 2022

Estimated Cost

Loss of production, contributed to insolvency and company collapse. company was eventually acquired and jobs restored

Type of Malware

No Malware identified

Threat Source

No threat source identified