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Vestas data ‘compromised’ by cyber attack

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COPENHAGEN, Nov 22 (Reuters) – Wind turbine maker Vestas (VWS.CO) on Monday stated the cyber attack it reported on the weekend has affected elements of its inner IT infrastructure and that data has been “compromised”.

The incident, the monetary implications of that are as but unclear, comes as Vestas juggles document demand for inexperienced energy towards provide constraints and excessive uncooked materials prices which can be pressuring revenue margins.

Shares on the earth’s largest producer of wind generators, already down 25% this 12 months earlier than the cyber attack, dropped by about 3% in early commerce on Monday.

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In addition to considerations over the character of any data breach, near-term market focus may also be on manufacturing delays and associated prices, together with the price of resolving the problem, Citi analysts stated in a analysis be aware.

The cyber safety incident on Nov. 19 pressured Vestas to close down IT programs throughout a number of enterprise items and areas to comprise the problem, however the Danish firm stated it has been capable of proceed operations. learn extra

The preliminary findings of its investigation into the matter additionally discovered that its prospects have been unaffected by the incident.

“There is no indication that the incident has impacted third party operations, including customer and supply chain operations,” its assertion stated on Monday, including that it had began a gradual reopening of all IT programs.

Vestas is already underneath strain from provide chain woes however stated that its manufacturing, building and repair groups had been capable of proceed operations regardless of the cyber attack.

The firm this month minimize its 2021 outlook for a second time this 12 months and posted forecast-lagging quarterly revenue, sending its shares tumbling as a lot as 14%. learn extra

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Reporting by Stine Jacobsen
Editing by David Goodman

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