A cyber security incident in May cost global packaging giant, the Ardagh Group, $34m (€28.9m) as of 30 June. An investigation continues.

As its insurance cover includes IT incidents, the Luxembourg-based group says it expects to recover the cost of the cyber-attack.

In response to it, the company shut down some IT systems and applications. They were brought back online securely in a phased manner.

“Production at all of our manufacturing facilities continued to operate throughout this period, though we experienced some shipping delays as a result of this incident,” Ardagh said in its second-quarter financial report.

“We have already taken various steps, including engaging leading industry specialists to conduct a forensic investigation of our systems and introducing additional protection tools across our network to further enhance the security of our IT systems.

“We believe that our existing information technology control environment is appropriately robust and consistent with industry standards.”

Nevertheless, Ardagh is accelerating planned IT investments to further improve its information security.


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