Express Computer
Home  »  News  »  German tech firm Software AG hit with $23mn ransomware attack

German tech firm Software AG hit with $23mn ransomware attack

1 558

German tech firm Software AG has suffered a massive malware attack, with hackers asking for a ransom of $23 million after stealing employee information and company documents.

The attackers published screenshots of the company’s data on a website the hackers operate on the dark web.

The screenshots show employee passport and ID scans, employee emails, financial documents, and directories from the company’s internal network.

Software AG said that the ransomware attack only affected its internal network while customer cloud services were unaffected.

“The IT infrastructure of Software AG is affected by a malware attack since the evening of 3 October 2020. While services to its customers, including its cloud-based services, remain unaffected, as a result, Software AG has shut down the internal systems in a controlled manner in accordance with the company’s internal security regulations.” said a company statement.

A copy of the ransomware binary used against Software AG was discovered earlier this week by security researcher MalwareHunterTeam.

Software AG is an enterprise software company with over 10,000 enterprise customers in over 70 countries.

The company is the second-largest software vendor in Germany and the seventh-largest in Europe.

Software AG’s customers include organisations from government, banking, transportation, insurance, retail, and other sectors.

–IANS

Get real time updates directly on you device, subscribe now.

1 Comment
  1. Arjun Kumar says

    Very useful post Thanks

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image