Ferrari, the Italian luxury automaker, has been targeted by a threat actor who hacked into the company’s system and demanded a ransom in exchange for certain client contact details. In response, Ferrari has announced that it will not pay the ransom, citing its policy not to fund criminal activity.
Instead, the company has informed its clients of the potential data exposure and the nature of the incident. The breach had no impact on the automaker’s operations, and Ferrari is working with cybersecurity experts to reinforce its systems.
The attack on Ferrari is the latest in a string of high-profile cyber incidents that have affected businesses and organizations globally.
According to the Cybersecurity and Infrastructure Security Agency (CISA), the use of ransomware has increased significantly in recent years, with a growing number of attacks targeting critical infrastructure and manufacturing sectors.
The agency has advised businesses to take proactive measures to protect their systems and data, including regularly backing up their files, implementing multi-factor authentication, and training employees on cybersecurity best practices.
Ferrari’s decision not to pay the ransom is in line with the guidance provided by law enforcement agencies and cybersecurity experts.
Paying a ransom not only encourages further criminal activity but also does not guarantee that the stolen data will be returned.
Instead, organizations are advised to focus on strengthening their cybersecurity measures to prevent future attacks. In addition to technical solutions, such as firewalls and antivirus software, businesses can also implement policies and procedures to ensure that employees are aware of the risks and are trained to respond appropriately to potential cyber threats.
