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Ransomware plunges insurance company into bankruptcy
By Graham Cluley on Wed, 08/06/2025
A company, which offered insurance and repair services to cell phone owners across Germany, and generated revenues of up to 70 million Euros (US $80 million) has collapsed following a ransomware attack. Einhaus Gruppe, located in Hamm, Nordrhein-Westfalen, was founded in 2003 and had over 5000 sales partners across Germany. And yet, despite the company's success, an attack by the Royal ransomware...