Volex PLC (AIM:VLX) has become the latest company to be hit by a cyber attack, although it doesn’t expect a “material” financial hit.
The integrated manufacturer of critical power and data transmission products said that the incident had resulted in unauthorised access to certain IT systems and data, at some of the group's international sites.
Volex said at this stage “any financial impact resulting from the incident is not expected to be material”.
It said it had taken immediate steps to stop the unauthorised access to its systems and data and has engaged specialist, third-party consultants to investigate the nature and extent of the incident, and to implement the incident response plan.
Volex said the actions taken to date have ensured that all sites remain operational, with minimal disruption to global production levels, and it continues to trade with its customers and suppliers.