Cyber security attack on car maker Ferrari

Italian luxury sports car maker Ferrari said a hacker demanded ransom from the company related to certain client contact details.
Ferrari cyber securityFerrari said cyber attack had no impact on the company’s operations. Ferrari said will not be held to ransom as paying such demands funds criminal activity and enables threat actors to perpetuate their attacks.

Ferrari said it notified its customers of the potential data exposure and the nature of the incident.

The company said it had started an investigation with a third-party cybersecurity firm and informed relevant authorities.

Ferrari Group recorded revenues of €5.1 billion and net profit of €939 million in 2022.

Capital expenditures for the years ended December 31, 2022, 2021 and 2020 were €824 million, €750 million and €734 million, respectively.

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