Money

UK's Weir Group hit by attempted cyber attack at end of Q3



© Reuters.

(Reuters) -Engineering firm Weir Group (LON:) said on Thursday it was the target of an attempted ransomware attack in the second half of September, which impacted third-quarter profit.

“Action (taken) to protect our infrastructure and data has led to significant temporary disruption but … managed to minimise the impact on our customers,” Chief Executive Officer Jon Stanton said.

Ransomware attacks, in which hackers freeze a target’s computer systems, steal data and threaten to destroy or publicize it if they aren’t paid, have accelerated in recent years, paralysing hospitals, schools, businesses and more.

Weir now expects full-year profit before taxation and amortisation to be between 230 million pounds ($313.2 million) and 245 million pounds, as delay in shipments due to the attempted hack led to revenue deferrals.

The company said that so far there was no evidence any personal or sensitive data had been compromised or encrypted.

($1 = 0.7343 pounds)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.