Varta in the Cyber-Storm: Production Paralyzed, Stock Defies Adversities

2/15/2024, 8:00 AM

Varta Under Fire: Battery Giant Targeted in Cyberattack on Tuesday Evening – Company Responds.

Varta, a leading battery manufacturer, announced last night that it had fallen victim to a serious cyberattack. The company, based in Ellwangen, reported that its IT systems and production facilities were temporarily shut down due to the attack.

Varta has not been able to provide any concrete details on the effects of the attack so far. It is unclear whether there has been any financial damage. However, the company aims for a rapid restoration of normal operations.

A spokesperson for the company confirmed on Wednesday afternoon that the hacker attack has affected not only the IT systems but also the production at five of the group's locations. Three of them are in Germany, with the others in Romania and Indonesia. The administration is also affected by the incident.

On Tuesday evening, Varta officially announced that parts of its IT infrastructure had been the target of a cyberattack. As a security measure, the company had shut down the IT systems itself. The exact extent of the damage is currently not yet estimable.

The current heading translates to English as follows:

"At the moment, it is also uncertain when production can be resumed. The spokesperson could not make a definitive statement on this. The battery company is currently in a difficult economic situation and had to announce a restructuring and job cuts last year to reduce costs."

Varta is listed on the SDAX and supplies a wide range of industries worldwide with battery solutions. The group specializes in high-quality and innovative products that are used in a variety of applications.

The latest cyber attack shows how important a robust and secure IT system is for companies in today's world. Varta will do everything in its power to successfully fend off the attack and get its production up and running as soon as possible.

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