A ransomware attack pushed the German napkin firm Fasana into insolvency
A cyberattack pushed the German napkin firm Fasana into insolvency, likely worsening existing financial troubles and serving as the final blow.
German napkin maker Fasana filed for insolvency after a major cyberattack on May 19 paralyzed its systems, halting over €250K in orders the next day. The napkin factory is located in Stotzheim, Germany, and has 240 employees.
The company was forced to halt production and delay May salaries. The German napkin maker is estimated to have lost €2 million in two weeks following a cyberattack. Now insolvent, it is seeking…