Swiss rail manufacturer Stadler refuses to pay $12.3 million ransom after cyberattack

Cybercriminal group Everest is demanding 10 million Swiss francs ($12.3 million) from Swiss rail vehicle manufacturer Stadler after breaching a data exchange platform shared with one of its suppliers through compromised credentials. Stadler operates 16 production and component plants and eight engineering centers, backed by a global service network of more than 95 locations, and employs over 17,100 people from over 75 countries. The Swiss company confirmed it received an extortion letter in whic