Ferrari confirms data breach after receiving a ransom demand from an unnamed extortion group

Pierluigi Paganini March 21, 2023

Ferrari disclosed a data breach after receiving a ransom demand from an unnamed extortion group that gained access to some of its IT systems.

Ferrari disclosed a data breach after it received a ransom demand from an unnamed extortion group that breached its IT systems. The threat actor claims to have stolen certain client details. The company immediately launched an investigation into the incident with the support of a third-party cybersecurity firm and informed relevant authorities.

ferrari logo illustration

“Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari”) announces that Ferrari S.p.A., its wholly-owned Italian subsidiary, was recently contacted by a threat actor with a ransom demand related to certain client contact details.” reads the noticed published by the luxury car maker. “Upon receipt of the ransom demand, we immediately started an investigation in collaboration with a leading global third-party cybersecurity firm. In addition, we informed the relevant authorities and are confident they will investigate to the full extent of the law.

The threat actor had access to a limited number of systems in our IT environment. According to the company the exposed data include customers’ names, addresses, email addresses, and telephone numbers. Financial data, such as payment details and, bank account info was not accessed by the attackers.

“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.” continues the statement. “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.”

In October 2022, the Italian luxury sports car manufacturer confirmed the availability of internal documents online, but said it has no evidence of cyber attack.

The RansomEXX ransomware group claimed to have stolen 6.99GB of data, including internal documents, datasheets, repair manuals, etc.

At the time of this writing, the statement published by the company suggests that the two events are not linked.

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Pierluigi Paganini

(SecurityAffairs – hacking, Ferrari)

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