A leading mobile device insurance and service network has initiated insolvency proceedings in the wake of a cyberattack. Germany’s Einhaus Group was targeted by hackers in March 2023 and is understood to have paid a ransom(ware) fee of around $230,000 at the time, according to Wa.de and Golem.de (machine translations). However, the once large and successful company, with partnerships including Cyberport, 1&1, and Deutsche Telekom, struggled to recover from the service interruption and the obvious financial strains, which now appear to be fatal.
