Ferrari, the luxury Italian carmaker, announced that it had
suffered a cyberattack that targeted its customers’ confidential information.
In a statement released on Monday, the company said that it had refused to pay
the ransom demand made by the hackers and had informed its customers about the
incident while working on reinforcing the security of its systems. The
automaker stated that there was no impact on the operational functions of the


Luxury Automaker Ferrari cyberattack on its customers' confidential data and refusal to pay the ransom demand
Luxury Automaker Ferrari Refuses Ransom Demand After Suffering Cyberattack on Customer Data

According to the spokesperson for Ferrari, the hackers were
able to access customer data, such as names, addresses, email addresses, and
telephone numbers. However, the cybercriminals did not compromise bank details.
The spokesperson added that as of now, no information has been released on the
internet, but the company is closely monitoring the situation.


Upon receiving the ransom demand, Ferrari initiated an
investigation with the help of a cybersecurity firm and informed the
authorities. The company made it clear that it would not pay ransom demands, as
doing so would fund criminal activity and encourage threat actors to continue
their attacks. The Chief Executive Officer of Ferrari, Benedetto Vigna, has
contacted clients to inform them of the incident. Ferrari underlined that it
takes its clients’ confidentiality seriously and recognizes the significance of
the incident.

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