Swiss train maker Stadler refuses Everest $12 million ransomware demand

Stadler Rail, a Swiss train manufacturer with $4.9 billion in annual revenue, refused a $12.3 million ransom demand from Russian-speaking ransomware group Everest after attackers compromised a third-party supplier's file-sharing credentials and stole technical documents. The breach did not affect Stadler's own systems or production, and the company has filed a criminal complaint and will not negotiate.

This Wire brief sits within Fusion42's coverage of Cybersecurity.