Swatch Group shut down its IT systems in response to a cyber attack that hit its infrastructure over the weekend. The Swiss watchmaker turned off its systems to avoid other systems on its network from being infected. Experts believe that the attack was likely a ransomware infection. Swatch is a Swiss manufacturer of watches and jewellery and employs 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, Glashtte Original, Harry Winston, Longines, Omega, Tissot, and RADO.”]
Source: https://securityaffairs.co/wordpress/108948/malware/cyber-attack-hit-swatch.html