Swiss Software Giant Concevis Falls Victim to Ransomware Attack

Concevis, a major Swiss provider of software solutions for the government, financial sector, and industrial and logistics companies in Switzerland, recently faced a ransomware attack.

Malefactors stole confidential information from the company, potentially including outdated operational data from the Swiss Federal Administration. Additionally, hackers encrypted all of Concevis’ servers.

The Swiss Federal Council swiftly responded to the incident and published an official press release on its website. Since Concevis refused to pay the ransom demanded by the hackers, the extortionists are threatening to release the stolen data on the darknet.

The company has informed its clients about the cyber incident. Furthermore, Concevis has filed a criminal complaint with the Basel Public Prosecutor’s Office (a city in Switzerland) and engaged an external security service provider to resolve the incident.

As previously mentioned, Concevis’ clientele includes various administrative units of the Swiss Federal Administration. Procedures are currently underway to identify the specific departments and data that may have fallen into the hands of the perpetrators.

Although the software solutions developed by Concevis are employed by the Federal Administration of the country, it is currently improbable that the Swiss government’s systems were compromised. However, critically important information, highly undesirable to share with hackers, was certainly stolen.

Remarkably, this is the second instance this year where the Swiss government has indirectly encountered a large-scale cyberattack. In May, the company Xplain was targeted, and its sensitive data was also published on the dark web.