Leader in kettle controls hit by cyber attack ‘of Russian origin’

AIM listed Strix Group has been the subject of a cyber attack “of Russian origin”.

The group, which specialises in temperature control systems for kettles but has diversified into water purification and disinfection solutions in the livestock farming industry in China, said the recent incident was picked up and dealt with.

It said the attack mainly impacted its Isle of Man and UK servers.

It immediately engaged external specialists and took precautionary measures with its IT infrastructure, including taking its systems offline while it investigated the nature and extent of the incident and implemented its business continuity plan.

Isle of Man-based Strix said all its systems have now been restored and are fully operational.

And it reassured markets that there has been no impact on customer orders or sales, with all businesses within the group remaining operational.

Strix said it has also appointed cyber security experts to continue to monitor and support the group with this incident as well as report on the attack and make recommendations to further enhance and refine the group’s processes and procedures.

Strix’s statement to the stock exchange this morning said: “The group is fully aware of its obligations and is working with its professional advisers, the police and relevant regulatory authorities and will provide further updates as and when appropriate.”

Russian authorities have increased their cyber capabilities since the country’s invasion of Ukraine last week.

Shares in the group fell slightly in early trading following the opening of markets. Shares opened at 243.61p per share and fell to 240.50p per share, before recovering to 243.45p. At 9am the stock stood at 241.5p per share, a 0.82% fall. Strix’s shares closed the day at 244.50p.