Hackers Now Striking Death Blows To Successful Companies

We’re seeing a worrying new trend — not simply damage, but destruction

The Einhaus Group was once a familiar name in Germany, boasting 170 employees offering its services through 5,000 retail outlets with an annual revenue close to $82 million dollars. The Einhaus Group invented electronics insurance in Germany, including a popular 24-hour cell phone repair or replacement service.

Three hackers planted the "Royal" ransomware on their network, encrypting all their systems, including contracts, billing, and communication data, crippling the business.

Despite heroic efforts to save the business by laying off most of their 170 employees, and selling their headquarters, the damage was devastating.

How do we avoid joining the growing list of companies destroyed by hacking?

https://www.digitalkleptos.com/p/hackers-now-striking-death-blows-to-successful-companies