- Schlatter Industries’ network is back online after a malware-based cyberattack, though details on the breach and its financial impact remain unclear.
- The company anticipates significantly lower full-year results due to the attack, declining orders, and delays in its welding unit.
OUR TAKE
Schlatter Industries restored its network after a cyberattack but has yet to disclose details on the breach’s impact or the perpetrators. With financial repercussions unquantified and already declining orders, the incident underscores the urgent need for stronger cybersecurity measures in industrial firms facing growing digital threats.
–Jasmine Zhang, BTW reporter
What happened
Swiss engineering company Schlatter Industries recently restored its computer network after nearly two weeks of disruption caused by a malware-based cyberattack.
The attack, which led to attempted extortion by unknown perpetrators, prompted the company to issue a warning that its full-year financial results would be significantly lower due to a drop in orders and delays in customer projects within its welding unit.
While the financial impact of the cyberattack remains unquantified, the company’s latest statement did not disclose whether any data was stolen or if progress had been made in identifying the attackers.
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Why it’s important
Schlatter Industries’ recent cyberattack highlights the growing vulnerability of industrial companies to digital threats. Despite their network being restored, the lack of transparency on the breach’s impact—whether data was compromised or the perpetrators identified—raises concerns about the company’s cybersecurity resilience.
The incident also comes at a challenging time for Schlatter, with the company already facing reduced orders and delays in its welding unit, which are expected to significantly lower full-year financial results. This situation underscores the critical need for robust cybersecurity measures, especially for engineering firms handling sensitive industrial data.
The financial repercussions, still unquantified, may further strain Schlatter’s performance, signalling a potential wake-up call for the industry to prioritise digital security alongside operational excellence.
