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Falanx Group Ltd

Swatch shuts down some technology systems after cyberattack

Swatch Group UHR.S shut down some of its technology systems after detecting a cyberattack over the weekend, the world’s biggest watchmaker said on Tuesday.

“Swatch Group confirms that it has identified clear signs of a developing cyber-attack on some of its IT systems during the weekend,” the company said in an emailed statement, confirming a report by Swiss news agency AWP.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.