Snatch Ransomware Targets Volvo Cars

 

Volvo revealed in a press release that some of its research and development assets were the target of a cyberattack.

The ransomware organization Snatch reportedly released pictures of stolen Volvo papers into the darknet on November 30, according to the Swiss tech news blog INSIDE IT.

As per the company, owned by Geely of China, “Volvo Cars have learned that one of the file sources has been unlawfully acquired by a third party. The limited amount of R&D assets stolen during the hack has been confirmed by investigations so far.”

An effort to sell data seized from Volvo Cars was initially discovered by French cybersecurity expert Anis Haboubi on a popular phishing site. 

On December 31, 2022, a forum user going by the online alias IntelBroker reported that VOLVO CARS had been the target of a ransomware attack. He alleges that the Endurance Ransomware gang attacked the business and stole 200GB of private information that is now being peddled.

Database access, CICD access, Atlassian access, domain access, WiFi hotspots and logins, auth bearers, API access, PAC security access, employee lists, licenses, keys, and system files are all being offered  by IntelBroker for $2500 in Monero, who has also shared a number of screenshots as evidence of the hack.
 
Based on the currently available information, the business does not believe this will affect the safety or security of its customers’ cars or their personal information. Volvo, situat

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