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Packaging And Design

Ardagh Group Confirms 'Cybersecurity Incident'

Metal and glass packaging business Ardagh Group has announced it experienced a cybersecurity incident, which led to the group pro-actively shutting down certain IT systems and applications.

The group released a statement declaring that its IT team, with support from external cybersecurity specialists, has been "working to remediate this issue, while continuing to safely operate the group's facilities."

Forensic Investigation

Ardagh Group will conduct a forensic investigation into the incident with help from a number of specialists.

Whilst the group's production facilities have stayed operational, the packaging giant is experiencing delays in the supply chain.

Ardagh Group has also announced that the cyber attack is likely "to give rise to some deferral or loss of revenue, as well as to incremental costs."

The statement added that the group "maintains appropriate insurance in respect of a wide range of risks."

Enhanced Security

Since the incident, the Ardagh Group has introduced new protection tools across its network to ensure an enhanced level of security.

The group will review its technology roadmap and accelerate a number of planned investments  to further improve the effectiveness of the group's IT security capabilities.

However, the group does not expect the incident will impact the full year 2021 guidance for the group, and that the business growth investment projects undertaken by the Ardagh Group have not been impacted by this incident and remains on track.

Currently, the group has been working on progressively bringing key systems back online securely, in a phased manner.

This is proceeding according to plan and is expected to be substantially achieved by the end of this month.

© 2021 Checkout – your source for the latest Irish retail news. Article by Conor Farrelly. Click sign up to subscribe to Checkout.

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