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Ferrari hit by ransomware attack exposing customer details

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Italian sports car-maker Ferrari has revealed it was the victim of a ransomware attack.

The company made the announcement after being contacted by an unnamed threat actor demanding a ransom. However, Ferrari has said it will not pay the ransom but has contacted the affected customers to inform them of the possible breach.

“As a policy, Ferrari will not be held to ransom as paying such demands funds criminal activity and enables threat actors to perpetuate their attacks,” a spokesperson said in a release.

“Instead, we believed the best course of action was to inform our clients and thus we have notified our customers of the potential data exposure and the nature of the incident.”

Ferrari has also said that the breach has had zero impact on its production systems. The company stated,  its working with a third-party security company to investigate the breach, and is working with law enforcement.

In a ransomware attack, a victim’s computer files are encrypted by parties who demand payment to unlock them. Ransomware perpetrators can also steal files first and threaten to release them unless they receive payment.

Staff Writer

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