Software AG, a German Tech Firm Hit With $23mn Malware Attack

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Software AG, a German Tech Firm Hit With $23mn Malware Attack

The attackers released snapshots of company data on the hackers’ page on the dark web. Screenshots display staff passport and ID scans, staff emails, financial statements and folders on the company’s internal network.

German tech company Software AG experienced a massive ransomware attack, with hackers asking for a $23 million ransom after stealing employee details and company records.

The attackers released screenshots of the company’s data on the hackers’ website on the dark web. Screenshots display staff passports and ID scans, staff emails, financial documents and directories from the company’s internal network.

Software AG said that ransomware attacks only infected its internal network while customer cloud providers were unaffected. “Software AG’s IT infrastructure has been affected by a ransomware attack since the evening of 3 October 2020. While services to its users, including its cloud-based services, remain unchanged as a result , Software AG has shut down its internal networks in a managed manner in compliance with the company’s internal security regulations,” said the company’s statement.

A copy of the binary ransomware used against Software AG was found earlier this week by MalwareHunterTeam, a security researcher. Software AG is an industrial software company with more than 10,000 business customers in more than 70 countries.