Shares in Rheinmetall drop after company discloses malware attack

guest · Sep 27, 2019

Shares in Rheinmetall drop after company discloses malware attack
September 27, 2019
https://www.reuters.com/article/us-...ompany-discloses-malware-attack-idUSKBN1WC0LH

German arms and car parts maker Rheinmetall said it had been hit by a malware attack affecting production at some sites in the United States, Mexico and Brazil, sending shares down in early trade on Friday.

“Normal production processes at these locations are currently experiencing significant disruption,” Rheinmetall said in a statement late on Thursday.
Rheinmetall shares, which have risen around 50% since the start of this year, were indicated to open 2.9% lower in early Frankfurt trade on Friday.

He said that the domain affected by the malware had been cut off from Rheinmetall’s corporate network and that only the Automotive branch — and thus none of Rheinmetall’s armament operations — were affected by the attack.
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Rheinmetall: Ad-hoc: Rheinmetall AG: Regional disruption of production due to malware at Rheinmetall Automotive

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