British Cable Manufacturer Volex Confirms Unauthorized Access to its Systems and Data
Volex, the British integrated manufacturer of critical power and data transmission cables, has confirmed that its tech infrastructure was breached by intruders who gained unauthorized access to its systems and data. The company has taken immediate steps to address the incident and has engaged third-party consultants to investigate and respond to the breach. Despite the breach, Volex's operations remain largely unaffected, and the financial impact is expected to be minimal. The company produces a range of power and data transmission cables and generated over £720 million in revenue in the previous year. The details of the breach, including the method of attack and any ransom demands, remain undisclosed. The incident highlights the need for robust security measures in cyber-physical systems to prevent disruptions and protect critical assets.