Hackers drive bike manufacturer into insolvency
The German bicycle manufacturer Prophete markets low-price bikes for discounters, but is also active in the specialist retail business with its subsidiary Cycle Union. This includes well-known names such as VSF Fahrradmanufaktur and Kreidler. Now the insolvency administrator has moved in at Prophete. A ransomware attack is said to be to blame for the operational difficulties.
As reported by the Frankfurter Zeitung or Heise.de, a hacker attack has driven the German bicycle and e-bike manufacturer Prophete into insolvency. The cyber attack was the cause of the insolvency, as it resulted in a shutdown of operations lasting several weeks.Note: This content has been automatically translated from German. Please report any incorrect translations.