Incident analysis
www.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 November 8, 2024.
www.baldinger-ag.ch is based in Switzerland and operates in the Transportation/Logistics sector. Switzerland ranks #13 worldwide for ransomware disclosures, with 223 victims in this database.
Sector context. Logistics companies are targeted because supply chain disruption has cascading effects on customers and partners, amplifying pressure to pay ransoms quickly to restore operations.
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files are encrypted, so the victim faces two demands at once — pay to restore access, and pay to keep stolen data unpublished.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.