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Some Volvo R&D data was taken due to a security vulnerability

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Volvo Cars is investigating a cybersecurity breach and theft of a limited amount of the company’s research and development data.The data breach was reported by the Swedish automaker on Friday. The company said one of its file repositories was illegally accessed by a third party.An investigation found that “a limited amount of the company’s research and development assets were stolen” during the break-in, the company said. said in a statement on Friday. Volumes are limited, but the company’s operations could be affected, Volvo Cars said. without revealing the extent of the violation or details of what was stolen.

Apparently, the theft was aimed at the company’s R&D data, not customer information. “With the information currently available, we do not see any impact on customer vehicle safety, privacy or personal information,” Volvo said. The news agency Inside-it, which first reported the breach, found screenshots on the dark web showing Volvo data exposed on his website by a ransomware gang called Snatch.

A Volvo spokesperson also declined to provide further information. The company works with independent third-party investigators to investigate property theft. Volvo said it had security measures in place, including measures to prevent further access to its premises, and notified the relevant authorities after becoming aware of the unauthorized access.

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A fall 2021 report from digital risk protection firm CybelAngel found that the automotive industry is at high risk for ransomware attacks due to the hundreds of thousands of compromised credentials available online. The company’s six-month investigation into the automobile company revealed that highly confidential information had been leaked, including trade secrets, personally identifiable information, engineering drawings for engines and production equipment, confidential contracts, and personnel documents. became. The company concluded that these leaks stemmed from internal threats to its employees and external vulnerabilities throughout his auto supply chain.

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  • Some Volvo R&D data was taken due to a security vulnerability
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NewsSome Volvo R&D data was taken due to a security vulnerability

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