Incident analysis
baldinger-ag.ch was listed by Apt73 ransomware, a group with 158 victims recorded in this database. The listing appeared on the group's leak site on April 27, 2026.
baldinger-ag.ch is based in Switzerland and operates in the Manufacturing sector. Switzerland ranks #13 worldwide for ransomware disclosures, with 221 victims in this database.
Sector context. Manufacturing companies are frequently targeted because production downtime directly translates to financial loss. Ransomware operators exploit this time-sensitivity to demand higher ransoms and faster payment.
Apt73 typically follows a double extortion model: data is exfiltrated from the victim's systems before files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished. The leak site, where this listing appeared, is the lever for the second demand.