Cavotec SA Faces Cybersecurity Threat from Black Basta Ransomware Group

Incident Date:

April 19, 2024

World map



Cavotec SA Faces Cybersecurity Threat from Black Basta Ransomware Group


Cavotec SA




Lugano, Switzerland

, Switzerland

First Reported

April 19, 2024

Cavotec SA Targeted by Black Basta Ransomware Group

Company Overview

Cavotec SA, headquartered in Lugano, Switzerland, is a global engineering firm that specializes in delivering innovative solutions that facilitate the electrification and automation of ports and industrial applications. With a workforce spread across 30 countries and a revenue of €147,849,000 in the last fiscal year, Cavotec is a key player in the manufacturing sector, focusing on sustainable and efficient operations.

The company's extensive product portfolio includes alternative maritime power systems, automated mooring technologies, and various electrification products, making it integral to industries such as maritime, airports, mining, and general industry.

Details of the Ransomware Attack

The ransomware group Black Basta has recently claimed responsibility for an attack on Cavotec SA. The attackers have reportedly compromised approximately 800GB of data, which includes sensitive information spanning engineering projects, technical R&D, financial documents, and personal data of employees.

This breach highlights significant vulnerabilities in Cavotec's cybersecurity measures, exposing a wide array of critical business and personal information to potential misuse.

Implications for Cavotec SA

The attack by Black Basta not only threatens the integrity and confidentiality of Cavotec's data but also poses severe reputational risks. The exposure of technical and financial documents could lead to substantial competitive and financial harm. Moreover, the personal data breach raises serious concerns regarding the privacy and security of Cavotec's employees.

Black Basta Ransomware Group Profile

Black Basta is a notorious ransomware-as-a-service (RaaS) group known for its double extortion tactics. Since its emergence in early 2022, the group has targeted large organizations across various sectors, particularly in English-speaking countries. They are known for their sophisticated encryption methods and have possible affiliations with other major cybercrime syndicates like Conti and FIN7.


Recent Ransomware Attacks

The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.

The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.