Schneider Electric Clawed by 'Hellcat' Ransomware Gang

The threat actors known as "Hellcat" claim to have stolen sensitive data from Schneider Electric, and the French industrial company has begun an investigation without formally acknowledging any data theft.

The hackers claim to have breached the industrial company's Jira issue tracking system and are demanding a $125,000 ransom.

"This breach has compromised critical data, including projects, issues, and plugins, along with over 400,000 rows of user data, totaling more than 40GB compressed data," the threat actors wrote on their Tor website.

However, the cybercriminals note that the ransom will drop by half if Schneider Electric confirms the breach. If their demands are not met, they have threatened to make the data they stole from the vendor public. 

Read the full article from IoT World Today’s sister publication Dark Reading.