Abstract
Holidays at last! The suitcases are packed, the skis are stowed away and off we go on a well-deserved holiday. The Group CEO of a food production company with 20 locations worldwide and 30 international sales units is looking forward to relaxing days with his family. It is day 3 of the holidays, shortly after Christmas. The CIO’s call comes at 3:45 in the morning. For 30 minutes, all the company’s servers have been encrypted, the ERP system is no longer functioning, e-mails can no longer be sent, and even the telephone systems are out of action. In the emergency, the entire IT network has been shut down, with the consequence that production has come to a standstill worldwide.
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Kracht, F., Ohle, P. (2023). Cyberattacks: Company Risk No.1—Underestimated by Many. In: Zellweger, T., Ohle, P. (eds) Financial Management of Family Businesses. Contributions to Finance and Accounting. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-42212-7_13
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