Ferrari refuses to pay ransom after ransomware attack

Ferrari refuses to pay ransom after ransomware attack

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Ferrari refuses to pay ransom after a ransomware attack

An Italian luxury sports car maker “Ferrari” with headquarters in Maranello, was recently approached by a threat actor who demanded a ransom in exchange for access to particular customer contact information.

The business experienced a significant data leak, and now the safety of the personal data of clients may be at risk. According to the reports, a hacker gained access to the business’s IT system and demanded ransom in exchange of the data.

Ferrari has issued a statement in warning emails to clients, “We regret to inform you of a cyber incident at Ferrari, where a threat actor was able to access a limited number of systems in our IT environment.”

Ferrari refuses to pay ransom after ransomware attack
Ferrari refuses to pay ransom after ransomware attack

Names, addresses, phone numbers, and email addresses of clients were among the data revealed in the hack, according to the company. Ferrari has not yet found any proof that credit card details, bank account numbers, or any other private financial information were viewed or compromised.

See more: DotRunpeX malware delivering malware families via malicious ads

According to a statement from Ferrari, a threat actor demanded a ransom for information relating to specific client contact information. Ferrari promptly began an investigation with a top international third-party cybersecurity firm after receiving the ransom demand. The automaker added that it has notified the appropriate authorities and is certain they will conduct a complete investigation.

See more: RAT coder arrested for installing malware on 10k  Computers

Ferrari has refused to pay the ransom because complying with such demands supports illegal conduct and allows threat actors to continue their assaults. Instead, they have alerted their customers in the best course of action.


Author: Harsh Vikram Shahi

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