Swiss watchmaker Swatch Group shut down its IT systems in response to a cyber attack that hit its infrastructure over the weekend. The company turned off its systems to avoid other systems on its network from being infected.
The Swatch Group Ltd is a Swiss manufacturer of watches and jewellery. The company employs about 36,000 people in 50 countries, in 2019, net sales were 9.6 billion Swiss francs (CHF). The group owns the Swatch product line and other brands including Blancpain, Breguet, Glashütte Original, Harry Winston, Longines, Omega, Tissot, and RADO.
