A major data security breach could expose the personal information of Ferrari customers, but the company is standing firm on ransom demands.
The personal data of Ferrari buyers could be at risk following a cyber attack on the Italian supercar company’s computer systems.
Ferrari has warned its customer base their personal information is at risk, with the car maker announcing it would not be paying a ransom demanded by the hackers.
In a statement issued to ComputerWeekly.com, Ferrari said it was working with authorities on the security breach.
“Upon receipt of the ransom demand, we immediately started an investigation in collaboration with a leading global third-party cyber security firm. In addition, we informed the relevant authorities and are confident they will investigate to the full extent of the law,” a spokesperson for Ferrari said.
“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.
“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.”
The statement comes just days after Ferrari told news outlet Reuters it was not aware of any systems breach.
While Ferrari has stated it will not pay the ransom, it is not uncommon for large companies to engage ‘cyber insurance’, in which an insurance agency will negotiate and pay hackers directly.
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