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German Firm Files For Insolvency After Cybercriminals Shut Down Production For 6 Weeks

German Firm Files For Insolvency After Cybercriminals Shut Down Production For 6 Weeks
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German textile firm ZEGO has filed for insolvency and is blaming a March cyberattack that shut down production 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," reports The Register. From the report: In a notice to customers and suppliers, the organization said it had exhausted every available option before seeking insolvency protection. Managing director Johannes Zenglein descr

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