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Picanol share suspended on the Brussels inventory trade

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The share of loom producer Picanol was suspended on the Brussels inventory trade on Tuesday morning, pending a press launch. This is reported by the FSMA inventory trade regulator.

On Monday, cyber criminals unleashed ransomware on Picanol's laptop techniques. As a result, the corporate needed to shut down most of its manufacturing in Ypres, but in addition these in its branches in Romania and China.

The Picanol administration instantly known as on the police and the judiciary to research the assault and monitor down the perpetrators. The public prosecutor's division of Veurne conducts the investigation, along with the West-Flemish Computer Crime Unit of the judicial police.

On Monday night, the severity and measurement of the ransomware used weren’t completely clear. Although the harm turned out to be extra vital than beforehand thought. The firm subsequently launched (non permanent) unemployment because of power majeure. Picanol has 2,300 workers worldwide, with greater than 1,500 in Ypres.

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