Volvo: R&D files stolen in cyberattack

Volvo Cars has issued a statement confirming a breach of sensitive files as a result of a cyber attack.

Volvo indicates that it is aware that “a third party has illegally accessed one of its file repositories.”

“Investigations to date confirm that a limited number of the company’s R&D documents were stolen during the intrusion. Volvo Cars concluded, based on the information available, that there could be an impact on the operation of the company, “Volvo said in the statement.

No impact on car safety or protection

“After detecting unauthorized access, the company immediately implemented security countermeasures, including measures to prevent further access to its property, and notified the appropriate authorities. “

Volvo adds that it is still investigating the incident and has hired a cybersecurity company to help “investigate this property theft.”

The attack had “no impact on the safety or protection of its clients’ cars or their personal data,” the company said in its statement. However, on one condition, we read in the press release, these conclusions are based on “information currently available”.

Snatch to maneuver

Bleeping Computer reports that the Snatch ransomware group claimed responsibility for the attack. The group has already posted a small portion of the stolen documents on its site.

According to Sophos, the group has been active since 2018. It gained notoriety in 2019 after bypassing antivirus software by restarting an infected computer in safe mode and running the ransomware file encryption process from there.

The group rose to fame by breaking into their victims’ networks and lying in wait for days and weeks to expand their control over a business before launching the ransomware process.

The group has also made a name for itself by stealing data in addition to encrypting victims’ networks.

Source: .com

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