Vesuvius Industrial Manufacturer Discloses $4.6M Cost as Result of Cyber Incident
Vesuvius, a UK-based molten metal flow engineering company issued an alert on February 6, 2023, which stated it was “currently managing a cyber incident, [which] has involved unauthorized access to our systems.” The London Stock Exchange-listed ceramics manufacturer disclosed in May that the perplexing cyber incident will incur a hefty cost of $4.6 million.
The exact nature of the incident remains shrouded in secrecy, as the company has refrained from providing specific details.
Notably, Vesuvius is the second British industrial ceramics manufacturer to disclose a cyber incident in 2023. In January, Morgan Advanced Materials, a company specializing in semiconductor production, also submitted a cybersecurity incident notice to the London Stock Exchange.