Swiss Machine Manufacturer Schlatter Industries Falls Victim to Ransomware Attack

The machine manufacturer Schlatter has fallen victim to a cyber attack, disrupting IT network and communications. The company immediately initiated security measures and involved the relevant authorities, the group announced. The attack was noticed on Friday, August 9. The group was investigating whether data was stolen and experts were working to make all systems available and functional again, Schlatter said.

CEO Werner Schmidli confirmed to 'Netzwoche' that he had received a ransom demand. "We found a blackmail letter on the servers." Schmidli did not say whether Schlatter plans to respond to the demand.

The company is already preparing the market for significantly lower annual results than last year. This is partly due to the necessary postponement of projects in the welding department.

Estimated Cost

Anticipated lower annual results due to postponement of projects in the welding department.

Threat Source

Impacts

IT