Stadler rejects $12.3M ransomware demand

Swiss rail manufacturer Stadler Rail refused to pay a 10 million Swiss franc ransom demanded by the Everest ransomware gang after a data breach at a supplier's shared platform. The company filed a criminal complaint with Thurgau cantonal police and stated it will not pay under any circumstances. Only non-security-relevant technical information was stolen, and Stadler's production continues normally.