A single ransomware attack has pushed this business into insolvency

• Einhaus Group dwindled from 170 employees and €70 million in revenue to just eight workers
• The German phone company met its fate after months of battle
• The Bitcoin ransom was recovered but never returned

German mobile phone insurance, repair and logistics company Einhaus Group has revealed the financial extent of a 2023 ransomware attack on the company.

At its peak, Einhaus operated in over 5,000 German retail stores, partnering with major telecommunication companies like Deutsche Telekom and 1&1, generating units to €70 million in annual revenue.

Then, in 2023, a ransomware group by the name of 'Royal' infiltrated systems and encrypted critical data including contracts, billing, and communications, leaving the company battling to make up losses thereafter.