Schneider Electric Faces Ransomware Attack Demanding Unique Payment

According to PANews, French multinational corporation Schneider Electric has been targeted by a ransomware attack orchestrated by the hacker group 'Hellcat.' The attackers are demanding a ransom of $125,000, payable in either baguettes or the cryptocurrency Monero, threatening to release 40GB of sensitive data stolen from the company if their demands are not met. The group made their ransom demand public through an anonymous social media account, claiming to have obtained critical information related to Schneider Electric's clients and operations. This incident marks the third cyberattack on Schneider Electric in the past two years. The company has confirmed that it is actively investigating the situation, stating that the affected platform is isolated and that their products and services remain unaffected. Analysts suggest that the unusual demand for baguettes as part of the ransom is a strategic move by the hackers to gain notoriety in the ransomware market. Schneider Electric is working to address the breach and ensure the security of its data and operations.