Vestas data ‘corrupted’ by cyber attack

On April 16, 2021, a wind turbine was mounted on a hill on the Greek island of Avia. REUTERS / Alkis Constantinidis / File Photo

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Copenhagen November 22, 2011 VWS.CO’s cyber attack over the weekend damaged parts of its internal IT infrastructure and said the data was “damaged.”

The phenomenon, the financial implications of which are yet to be ascertained, is seen when Vestas is pushing green energy demand out of supply restrictions and high raw material costs.

Shares of the world’s largest wind turbine fell 25 percent this year before the cyber attack, down 3 percent on Monday.

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CT Analysts In a research note, CT analysts note that in addition to concerns about the nature of any data breach, recent market focus will focus on product delays and related costs.

The November 19 cyber security crisis forced Vestas to shut down IT systems in several commercial areas and locations, but said the Danish company was able to continue operating. Read more

Initial findings also confirm that customers are not affected by the crash.

“There is no indication that the incident has affected third-party operations, including customer and supply chain operations,” the statement said on Monday, adding that all IT systems have been gradually reopened.

Vestas said it was under pressure from supply chain problems but said its production, construction and service teams were able to continue their cyber-attacks despite the cyber attack.

The company cut its 2021 target for the second time this month and posted a forecast for quarterly earnings, down 14 percent. Read more

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Edited by Stine Jacobsen by David Goodman

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