Incident analysis
SWISS ROSE Factory was listed by Nova ransomware, a group with 194 victims recorded in this database. The listing appeared on the group's leak site on November 15, 2025.
SWISS ROSE Factory is based in Iran and operates in the Manufacturing sector. Iran ranks #56 worldwide for ransomware disclosures, with 25 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.
Nova 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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.