German phone repair biz collapses following 2023 ransomware attack

Threat Score:
56
The Register Security
1 day ago
German phone repair biz collapses following 2023 ransomware attack

Overview

Cyber-crime German phone repair biz collapses following 2023 ransomware attack Founder miffed over prosecutors holding onto its Bitcoin The founder of a German mobile phone repair and insurance biz has begun insolvency proceedings for some operations in his company after struggling financially following a costly ransomware attack in 2023. Wilhelm Einhaus, who heads up Hamm-based Einhaus Group, confirmed the news to regional outletWAlate last week. The managing director said the company's financi...

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