Auto Supplier Eberspaecher Reveals Details of Cyberattack that Likely Cost up to $60 Million

Eberspaecher, which produces exhaust technology, air conditioning and heating systems, shut down networks and servers when cyber criminals used ransomware to gain access to its IT systems.

BERLIN — Nearly nine months after German supplier Eberspaecher Group fell victim to a large-scale cyberattack, the company is finally eliminating the remaining effects from its 80 sites worldwide and has made its IT systems more secure.

The attack cost the company a “mid-double-digit million amount,” Eberspaecher CEO Martin Peters told journalists.

This figure is likely to be between 40 and 60 million euros ($40 million to $60 million), according to a report in Automotive News Europe sister publication Automobilwoche.