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TechRadar
TechRadar
Craig Hale

A single ransomware attack has pushed this business into insolvency

WA Bitcoin
Ransomware.
  • Einhaus Group dwindled from 170 employees and €70 million in revenue to just eight workers
  • The German phone company met its fate after months of battle
  • The Bitcoin ransom was recovered but never returned

German mobile phone insurance, repair and logistics company Einhaus Group has revealed the financial extent of a 2023 ransomware attack on the company.

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