A threat actor recently contacted Ferrari S.p.A., an Italian luxury sports car manufacturer headquartered in Maranello, demanding a ransom for access to specific client contact information.
The company suffered a significant data breach, and consumers’ personal information may now be at risk. According to reports, a hacker accessed the company’s IT system and demanded a ransom for the information.
“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,” in breach notification letters to customers, Ferrari makes this statement.
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Information Exposed in the Breach
According to the company, customers’ names, addresses, phone numbers, and email addresses were among the information exposed in the breach.
Ferrari has not yet discovered evidence that payment information, bank account numbers, or other private payment information were accessed or compromised.
The firm confirms that the hack did not affect the company’s operational processes.
Threat Actor Demanding a Ransom
“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,” says the company
“Upon receipt of the ransom demand, we immediately started an investigation in collaboration with a leading global third-party cybersecurity firm.”
Ferrari states this is against company policy because paying ransoms supports criminal activity and allows threat actors to continue their attacks.
“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,” the company added.
Reports say that upon discovering the breach, Ferrari also informed the appropriate authorities about the incident and is collaborating with a cybersecurity firm to determine the extent of the consequences.
The company claims it has collaborated with third-party experts to strengthen its systems further and is confident in its resilience.
“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,” says the company.
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