CYBER-CRIME
ZEGO-TVZ says the financial fallout from a March cyberattack left shutting its doors as the only option
German textile company ZEGO Textilveredelungszentrum has filed for insolvency and is blaming the financial fallout from a March cyberattack that knocked its production offline for nearly six weeks.
ZEGO’s filing adds another name to the short but growing list of companies that say a digital break-in was commercially fatal to their business.
The Bavaria-based company provides textile finishing, processing, and treatment services for customers across industries, including automotive, workwear, and technical textiles.