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Home  /  Auto  /  Ferrari falls victim to ransomware attack; 7GB of its internal documents made public

Ferrari falls victim to ransomware attack; 7GB of its internal documents made public

by Shriya Kataria
October 4, 2022
in Auto, Business
Reading Time: 2 mins read
Ferrari falls victim to ransomware attack; 7GB of its internal documents made public

Ferrari, an Italian premium sports car company, may have been the most recent target of a ransomware attack. According to a Reuters report, brand-related internal documents had been published online.

Ferrari denied that this was a ransomware attack

The automaker denied that this was a ransomware attack and added that there was no proof of either one or of a system breach at the business. Ferrari added that there had been no interference with its company and operations, but added that it was investigating how the records were made public and that the proper steps would be done as needed.

Ransomware gang, RansomEXX, on its Tor leak site claimed that it has breached Ferrari stealing 6.99 GB of data

The Italian website Red Hot Cyber was used by the Corriere Della Sera newspaper to disclose earlier on Monday that the luxury carmaker had been the target of a cyberattack.

According to Red Hot Cyber, the ransomware group RansomEXX claimed on its Tor leak site to have broken into Ferrari and stolen 6.99 GB of data, which contained not only internal documents but also datasheets and repair manuals, among other things. The origin of these documents is unknown.

Malware is used in ransomware attacks to prevent access to data

Attacks using ransomware have increased dramatically in recent years. Many have been victims of similar attacks, ranging from well-known companies like Ferrari to government agencies like the National Health Service of the United Kingdom. Malware is used in ransomware attacks to prevent access to data or threaten to publish private information until the victim pays a ransom.

According to Security Affairs and Hack Notice, a second ransomware campaign that was launched in December of last year indirectly targeted Ferrari. The computers at Speroni Spa were allegedly compromised by the Everest ransomware attack. The business participates in the supply chain for several automakers, including Ferrari.

After the hack, 850 GB of the company’s data, including information about customers, employees, technical data, financial records, bank statements, and “other very significant documents,” were reportedly put up for sale.

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