Malware Attack Disrupts Multiple Sites of Rheinmetal AG Causing Shares to Drop

February 27, 2024

INCIDENT

German arms and car parts maker Rheinmetall said it had been hit by a malware attack affecting production at some sites in the United States, Mexico and Brazil, sending shares down in early trade on Friday. "Normal production processes at these locations are currently experiencing significant disruption," Rheinmetall said in a statement late on Thursday.
Rheinmetall shares, which have risen around 50% since the start of this year, were indicated to open 2.9% lower in early Frankfurt trade on Friday.

Incident Date

September 27, 2019

Location

Germany

Estimated Cost

production disrupted for 2 weeks

Type of Malware

No Malware identified

Threat Source

No threat source identified