Ferrari reported that a threat actor recently contacted Ferrari S.p.A., its wholly-owned Italian subsidiary, with a ransom demand relating to specific client contact information.
The business promptly launched an investigation in conjunction with a top international third-party cybersecurity firm after receiving the ransom demand.
Due to the fact that paying ransom demands supports criminal behavior and allows threat actors to continue their attacks, Ferrari will not be held for ransom.
Ferrari added that the incident had no effect on their business's operational procedures.
TPRM report: https://scoringcyber.rankiteo.com/company/ferrari
"id": "fer3103723",
"linkid": "ferrari",
"type": "Ransomware",
"date": "03/2023",
"severity": "75",
"impact": "2",
"explanation": "Attack limited on finance or reputation"
{'affected_entities': [{'industry': 'Automotive',
'location': 'Italy',
'name': 'Ferrari S.p.A.',
'type': 'Subsidiary'}],
'data_breach': {'type_of_data_compromised': ['Client contact information']},
'description': 'Ferrari reported that a threat actor recently contacted '
'Ferrari S.p.A., its wholly-owned Italian subsidiary, with a '
'ransom demand relating to specific client contact '
'information. The business promptly launched an investigation '
'in conjunction with a top international third-party '
'cybersecurity firm after receiving the ransom demand. Due to '
'the fact that paying ransom demands supports criminal '
'behavior and allows threat actors to continue their attacks, '
'Ferrari will not be held for ransom. Ferrari added that the '
"incident had no effect on their business's operational "
'procedures.',
'impact': {'data_compromised': ['Client contact information'],
'operational_impact': 'None'},
'motivation': 'Financial Gain',
'ransomware': {'ransom_paid': 'No'},
'response': {'communication_strategy': ['Public disclosure'],
'third_party_assistance': ['International third-party '
'cybersecurity firm']},
'threat_actor': ['Unknown'],
'title': 'Ferrari Ransomware Incident',
'type': 'Ransomware'}