Tag: German

13
Oct
2020
Posted in technology

Amazon Prime Day strike among German warehouse workers

  • German Amazon workers are striking during the company’s Prime Day, a two-day discount event.
  • Workers at seven Amazon warehouses in cities including Leipzig and Koblenz are striking in shifts to avoid large crowds.
  • Amazon staff have been working “without adequate protection” during the pandemic, and the company has scrapped its coronavirus bonus, German trade union Verdi said.
  • An Amazon spokesman told Business Insider that the strikes will have no impact on its deliveries in Germany.
  • Visit Business Insider’s homepage for more stories.

German staff at Amazon are striking during the e-commerce giant’s annual Prime Day event on Tuesday and Wednesday over pay and conditions in its warehouses since the outbreak of the pandemic.

Workers at seven Amazon warehouses in cities including Leipzig and Koblenz are striking in shifts to avoid large crowds.

The country’s second-largest union, Verdi, said it was organizing the strike because staff have been working “without adequate protection,” and haven’t been compensated for the additional stress of working during the pandemic.

An Amazon spokesperson told Business Insider that the strikes will not impact its deliveries in Germany, the company’s second-biggest market after the US.

The company already offers “excellent pay, benefits, and opportunities for career growth,” they added, with a safe working environment that is “set up to help them succeed.”

The company told Reuters that most employees in Germany were working as normal.

Orhan Akman, Verdi’s retail representative, pointed out that at the end of May, the company scrapped a coronavirus bonus of 2 euros ($2.36) an hour, just two months after it was introduced. 

Amazon can “certainly” afford to pay staff the bonus, Akman claimed, because it doesn’t face the same problems that are causing bricks and mortar retailers to fold during the pandemic.

Amazon should make the bonus a permanent salary increase for all

11
Oct
2020
Posted in software

German tech giant Software AG hit by Clop ransomware attack

German tech giant Software AG has been hit by a ransomware attack that caused the company to suspend services.

The attack occurred Oct. 3 and has been attributed to Clop ransomware. As is typical in a ransomware attack in 2020, the company’s files were encrypted and those behind the attack demanded a ransom payment of about $20 million or they would publish internal company data.

Software AG did not pay the ransom and, according to a report on ZDNet Friday, those behind the attack have started to publish internal company information. In one screenshot, the personal details of Software AG Chief Executive Officer Sanjay Brahmawar were published, including a scan of his passport.

The company formally disclosed the ransomware attack in a statement Oct. 5, describing it as a “malware attack.” Although its current recovery status is unknown, for now the company has as its lead story on its website “important customer information.” The statement says that “due to technical issues with our online support system, we kindly ask you to send us an email with your problem description and a number for call back.” It would appear that a week later, it’s still having issues due to the ransomware attack.

Clop ransomware and the related ransomware group have been linked to previous attacks, including data being stolen from pharmaceutical industry outsourcing company ExecuPharm in April.

“Ransomware gangs are becoming bolder and more sophisticated, going after larger and more lucrative targets with their criminal attacks,” Saryu Nayyar, chief executive officer of security and risk analytics firm Gurucul Solutions Pvt Ltd A.G., told SiliconANGLE. “Even with a complete security stack and a mature security operations team, organizations can still be vulnerable. The best we can do is keep our defenses up to date, including behavioral analytics tools that can identify new

11
Oct
2020
Posted in software

German tech giant Software AG down after ransomware attack

software-ag-logo.png

Image: Software AG

Software AG, one of the largest software companies in the world, has suffered a ransomware attack over the last weekend, and the company has not yet fully recovered from the incident.

A ransomware gang going by the name of “Clop” has breached the company’s internal network on Saturday, October 3, encrypted files, and asked for more than $20 million to provide the decryption key.

Earlier today, after negotiations failed, the Clop gang published screenshots of the company’s data on a website the hackers operate on the dark web (a so-called leak site).

The screenshots show employee passport and ID scans, employee emails, financial documents, and directories from the company’s internal network.

saoftware-ag.png

Image: ZDNet

Software AG disclosed the incident on Monday when it revealed it was facing disruptions on its internal network “due to [a] malware attack.”

The company said that services to customers, including its cloud-based services, remained unaffected and that it was not aware “of any customer information being accessed by the malware attack.” This statement was recanted in a later press release two days later, when Software AG admitted to finding evidence of data theft.

The message about the attack remained on its official website homepage all week, including today.

Software AG did not return phone calls today for additional details or comments about the incident.

A copy of the ransomware binary used against Software AG was discovered earlier this week by security researcher MalwareHunterTeam. The $20+ million ransom demand is one of the largest ransom demands ever requested in a ransomware attack.

software-ag-ransom-note.png

Image: supplied

The ID provided in this ransom note allows security researchers to view the online chats between the Clop gang and Software AG on a web portal managed by the ransomware group. At the time of writing, there is no

08
Oct
2020
Posted in technology

Tier: German e-scooter startup claims profitability

  • European electric scooter startup Tier turned a profit in Q3, according to financial documents seen by Business Insider. 
  • Tier is comparatively small and only operates within Europe, but its numbers indicate that scooternomics may not be as unprofitable as critics feared.
  • “We have made long-term structural changes and wanted to ensure we could be profitable through winter periods of low demand, but also Covid,” Tier CFO Alex Gayer commented. 
  • Visit Business Insider’s homepage for more stories.

European scooter rental startup Tier is currently profitable, according to internal documents shown to Business Insider.

The startup’s revenue is in the tens rather than hundreds of millions of euros. But with billions of dollars ploughed into scooter startups, Tier’s leadership bills its shift to profit as vindication of careful, managed growth.

A bonus is that the company has achieved positive financial results despite the pandemic stymieing the expected summer boom in rides.

“We have made long-term structural changes and wanted to ensure we could be profitable through winter periods of low demand, but also COVID,” Tier’s chief financial officer Alex Gayer said. 

According to the documents shown to Business Insider, Tier has been EBITDA-positive for the third quarter of 2020 and anticipates this continuing into the next quarter. The figures show EBITDA growth in the single-digit millions of euros, on higher revenue in the double-digit millions of euros. The company suffered losses during the first half of the year.

Like other scooter companies, Tier allows users to rent its electric scooters through an app. It competes with both well-funded US firms such as Bird and Lime, as well as smaller local rivals such as Wind and Voi.

Tier scooter

Tier scooters

Tier


Users can use Tier’s app to locate and unlock an available scooter nearby. How much you pay per ride depends on the city.