German Steel Manufacturer Shuts Down Systems and Cancels Annual Shareholder Meeting

November 14, 2024

INCIDENT

The Aachen-based company is the target of a cyber attack. The systems have been shut down and the annual general meeting of shareholders planned for this Wednesday has also had to be cancelled.

The IT systems of the listed precision parts manufacturer were shut down early on Sunday morning due to the attack, the company announced on Tuesday. The first parts of production were able to start up again outside of the network by Sunday evening. However, for safety reasons, software systems in administration and production control were not put back into operation late on Tuesday afternoon. Security systems and access controls were also affected by the attack.

Incident Date

September 22, 2024

Location

Germany

Estimated Cost

Systems shutdown, Annual General Meeting canceled

Type of Malware

No Malware identified

Threat Source

No threat source identified