Basler AG was target of a cyberattack

Basler AG is prepared for such a scenario and has immediatly implemented a taskforce consisting of internal and external IT-and forensic experts which presently undertakes a thorough investigation of the incident. At the same time, the prosecution authorities were called in and a criminal complaint was filed. In addition, notifications were made to the respective competent data protection authorities at home and abroad.

According to current knowledge, the attack was especially directed at Basler AG and explicitly not at Basler’s customers or business partners.

Basler AG has an insurance against cybersecurity-attacks. According to current knowledge, Basler AG very much assumes that the disruptions and the associated business interruption will almost certainly be resolved in such a time frame that it will not be necessary to adjust the growth forecast (as of Nov 4, 2021: group sales between Euro 210 – 220 million with a pre-tax profit margin between 13 – 15 %). Furthermore, Basler AG assumes that the damages and expenses caused by the cyberattack will be fully covered by the insurance.

Protection of the customer and their data has the highest priority for Basler AG. The specialist work with high pressure on securly restoring the affected systems as quickly as possible so that business partners can soon again make full use of the service they are accustomed to.