Manitowoc Co. said late Wednesday that its network has been been hobbled by what it calls a “cybersecurity incident.”
In a statement, Manitowoc
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said the incident resulted in a “systems outage” that “has caused and may continue to cause a delay or disruption to the company’s business.”
The Milwaukee-based construction crane and equipment maker said it has engaged an unidentified “industry-leading third-party information technology firm and forensics specialist” to assist in an investigation of the incident.
Law enforcement has been notified of the incident and the company is working to restore its systems, Manitowoc said. Because of the incident, Manitowoc said that it will no longer participate in Thursday’s Stifel Virtual Cross Sector Insight Conference.
Manitowoc has yet to respond to a request for comment from MarketWatch to clarify the nature of the cybersecurity incident.
Manitowoc is just the latest major U.S. company to report cybersecurity attacks, which are on the rise as online criminals adopt organizational structures similar to those found in Silicon Valley tech companies.
Shares of the company slipped 1.3% after hours, following a 1.7% decline to close the regular session at $26.12. Over the past 12 months, the stock is up 116%, compared with a 32% gain on the S&P 500 index
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