German battery manufacturer Varta was forced to shut down its IT systems and stop production as a result of a cyberattack.
The cyberattack occurred on Monday night and affected five of the company’s production plants and the administration.
According to the German news outlet Finanzen, of the company’s five production sites, three are located in Germany, one in Romania and one in Indonesia.
“The IT systems and thus also production were proactively shut down temporarily for security reasons and disconnected from the internet. The IT systems and the extent of the impact are currently being reviewed,” the company shared in a public announcement on Tuesday.
The company said that it implemented the “Necessary precautionary measures” and established a task force supported by cyber security experts and data forensics specialists to restore operations.
German news outlet Handelsblatt revealed that company’s share price fell by 4.75% after it announced the incident.
