Haynes International Cyberattack Estimated Cost is $18-$20 Million

December 13, 2023

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

Estimated Cost

Impact $18 - $20 million. Manufacturing Operations disrupted for almost 2 weeks.

Type of Malware

No Malware identified

Threat Source