German phone repair and insurance firm goes bankrupt after paying €200,000 to ransomware hackers despite reported revenue of 70 million

Pipboy holds up an open padlock.

Despite tens of millions of revenue, a $230,000 ransomware fee has seemingly taken out one of Germany's leading insurance firms.

As reported by Wa.de and Golem.de (via our friends at Tom's Hardware), Einhaus Group was originally targeted back in 2023. Hacking group Royal reportedly told Einhaus Group founder Wilhelm Einhaus, “We've hacked you. All further information can be found on the dark web.”