Leading Phone Repair and Insurance Firm Collapses After Paying Crippling Ransomware Demand — Cutting 100+ Employees to Just Eight Wasn’t Enough

Leading phone repair and insurance firm collapses after paying crippling ransomware demand – Cutting 100+ employees to just eight wasn’t enough | #ransomware | #cybercrime - National Cyber Security Consulting

A leading mobile device insurance and service network has initiated insolvency proceedings in the wake of a cyberattack. Germany’s Einhaus Group was targeted by hackers in March 2023 and is understood to have paid a ransom(ware) fee of around $230,000 at the time, according to Wa.de and Golem.de (machine translations). However, the once large and […] Thank you for subscribing to our RSS feed! The post Leading phone repair and insurance firm coll…

Leading phone repair and insurance firm collapses after paying crippling ransomware demand — Cutting 100+ employees to just eight wasn’t enough

A leading mobile device insurance and service network has initiated insolvency proceedings in the wake of a cyberattack. Selling properties and cutting staff numbers wasn't enough to save the business.