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125.00 2.00 (1.63%)

Bid:

119.00

Ask:

124.50

Spread: 5.50 (4.622%)

Market Cap: £98.09m

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Xaar Says Computer Systems Compromised In Cybersecurity Attack

Wed, 07th Oct 2020 10:48

(Alliance News) - Xaar PLC on Wednesday said it was a victim of a cybersecurity attack which involved unauthorised access to its computer systems.

The inkjet printhead supplier stated it contained the incident and took immediate action which included hiring external forensic cyber security experts whose investigations are ongoing as well as notifying regulators and law enforcement agencies including the Information Commissioner's Office and the National Cyber Security Centre. It noted that no evidence has been found to suggest that any data was obtained.

Xaar highlighted the breach did not result in any impact to business operations, adding that it has continued to fulfil all customer requirements.

"We will continue to work with our cyber security experts on a safe recovery of all systems, applications and data from our disaster recovery back-up. We will complete this recovery as quickly as possible to minimise any potential impact on our business," it added.

Shares in Xaar were trading 5.6% lower at 127.00 pence each on Wednesday morning in London.

By Ife Taiwo; ifetaiwo@alliancenews.com