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.
Eberspaecher produces exhaust technology, air conditioning and heating systems. It has 80 locations in 29 countries and employs nearly 10,000 people. Volkswagen Group, BMW, Stellantis are among its customers.
The supplier's IT monitoring systems first registered suspicious activity on October 24, 2021, when perpetrators deployed ransomware to gain access to company systems.
To prevent the possible spread of the attack withi…