‘Cactus’ Ransomware Strikes Schneider Electric

In a recent blow to the industry, Schneider Electric, along with its Sustainability division, came under an aggressive cyberattack in mid-January. They were targeted by ‘Cactus’ ransomware, a malicious program designed to block access to a computer system until a sum of money is paid. This division of Schneider Electric is pivotal in providing software and consulting services to various enterprises. The incident underscores the ever-rising threat of cyber vulnerabilities that companies face in the technological era. Despite having security measures in place, Schneider Electric now joins the growing list of businesses that have fallen victim to such cybercrimes.

Published: Tue, 30 Jan 2024 22:34:00 GMT