This is a great article. It pulls together the corporate challenges faced by companies when they undergoe a cyber attack, and at the same time going…

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This is a great article. It pulls together the corporate challenges faced by companies when they undergoe a cyber attack, and at the same time going through a restructuring. What makes it a great article is Varta, the company affected, is working to resolve a cybersecurity incident that came to light this week. Forcing the company to shut production down.

The attack comes at a sensitive time. The company is restructuring following a period of boom and bust, having invested heavily in new battery design and production capacity.

European investors responded quickly to the attack, with the share dropping 4.75%, then rebounding. One waits to see how the incident unfolds and if there is a longer term effect of the incident on the company’s performance. As more information about the incident is known.

Ted Dziekanowski Brian D. McCarthy

Veritas GRC

#cybersecurity #cyberriskmanagement #cyberincidents #cyberregulation

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