Energy management and automation giant Schneider Electric suffered a Cactus ransomware attack which led to the theft of corporate data.
The ransomware attack which hit the company’s Sustainability Business division on January 17th disrupted some of Schneider Electric’s Resource Advisor cloud platform, which continue to suffer outages.
The ransomware gang reportedly stole terabytes of corporate data during the cyberattack and is now extorting the company by threatening to leak the stolen data if a ransom is not paid.
While it is not known what type of data was stolen, it could contain sensitive information about customers’ power utilization, industrial control and automation systems, and compliance with environmental and energy regulations.
Schneider Electric is a French multinational company that manufactures energy and automation products. The Sustainability Business division provides consulting services to enterprise organizations, advising on renewable energy solutions and helping them navigate complex climate regulatory requirements for companies worldwide.
Schneider Electric confirmed that the cyberattack was restricted to this one division and did not impact other parts of the company.
The Cactus ransomware operation was launched in March 2023 and has since amassed numerous companies that they claim were breached in cyberattacks.
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