Subj : Manufacturing giant Schlatter says IT network affected by cyberat
To   : All
From : TechnologyDaily
Date : Tue Aug 13 2024 11:00:05

Manufacturing giant Schlatter says IT network affected by cyberattack

Date:
Tue, 13 Aug 2024 09:58:25 +0000

Description:
Schlatter said it suffered a malware attack in which the crooks look to 
blackmail it into paying up.

FULL STORY
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Swiss industrial machinery manufacturer Schlatter Industries AG has said it 
suffered a major cyberattack. 

In a press release, the company said it was attacked with malware  on Friday, 
August 9, and an investigation is currently ongoing, with the company hoping 
to reveal additional details soon. 

Schlatter added it believes the "professional" attack could be the work of a 
sophisticated ransomware actor, noting, "the unknown perpetrators are 
attempting to blackmail Schlatter. Niche market 

At the moment, no ransomware groups have taken responsibility for the attack, 
and no sensitive data has been published anywhere. 

Schlatter is currently looking into the attack to see if any data was stolen, 
bringing in internal ICT specialists, external experts, and notified relevant 
authorities of the incident. 

The ICT experts are working intensively to make all systems available and 
functional again as quickly as possible, the company concluded. 

Schlatter Industries AG is a Swiss company with around 350 employees which 
specializes in the development and production of industrial machinery, 
particularly in the field of welding systems and weaving machines. It was 
founded in 1916 and primarily focuses on providing solutions for the 
production of reinforcing mesh, industrial mesh, and wire products. 

The machinery it builds are used in construction, infrastructure, and 
automotive, where precise and durable welding processes are crucial. It does 
not publicly disclose the number of clients, but being a major player in a 
niche market, it most likely has a substantial client base, which also makes 
is possible that it held plenty of sensitive information, too. 

In the 2023 financial year, Schlatter generated net sales of CHF 128.6 
million ($148m), with a consolidated net profit of CHF 5.1 million ($5.8 
million). More from TechRadar Pro My fake company was hit by a ransomware 
attack  heres what I learned to do, and what not to do Here's a list of the 
best malware removal tools around today These are the best endpoint security 
tools right now



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Link to news story:
https://www.techradar.com/pro/security/manufacturing-giant-schlatter-says-it-n
etwork-affected-by-cyberattack


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