INCIDENT: Weir Group Ransomware Incident

Weir Group is currently managing the consequences of a sophisticated attempted ransomware attack that occurred in the second half of September. Weir’s cybersecurity systems and controls responded quickly to the threat and took robust action. This included isolating and shutting down IT systems including core Enterprise Resource Planning (ERP) and engineering applications. These applications are now restored on a partial basis, and other applications are being brought back online in a progressive manner in order of business priority. The above actions have led to a number of ongoing but temporary disruptions including engineering, manufacturing and shipment rephasing, which has resulted in revenue deferrals and overhead under-recoveries. Effective capabilities are being progressively restored in the coming weeks but the consequences of the operational disruption and associated inefficiencies are expected to continue into the fourth quarter.

Incident Date

September 21, 2021

Estimated Cost

No contact with attackers

Victims

Type of Malware:

No Malware identified

Threat Source:

No threat source identified

References:

  • Industrial Engineering Group Hit In Ransomware Attack
  • Q3 trading update and cybersecurity incident

Impacts

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