French digital automation and energy management giant Schneider Electric is investigating a data breach after a hacker claimed they stole dozens of gigabytes and demanded a hefty ransom in Baguettes, a classic popular French bread item.
Schneider Electric manufactures various energy management and automation products, from home electrical components to industrial control systems. The Rueil-Malmaison, France-based company employs over 100,000 people and earned $39 billion in revenue in 2023. “Schneider Electric is investigating a cybersecurity incident involving unauthorized access to one of our internal project execution tracking platforms which is hosted within an isolated environment,” the company stated.
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Source: CPO Magazine