Volvo had some R&D information stolen in safety breach – TechCrunch

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Volvo Automobiles is investigating a cybersecurity breach and theft of a restricted quantity of the corporate’s analysis and growth information. The information breach was reported Friday by the Swedish automaker.
The corporate mentioned certainly one of its file repositories had been illegally accessed by a 3rd get together. Investigations have revealed {that a} “restricted quantity of the corporate’s R&D property has been stolen in the course of the intrusion,” the corporate mentioned in a press release Friday.
Regardless of the restricted quantity, there could also be an affect on the corporate’s operation, Volvo Automobiles mentioned with out offering extra particulars on the dimensions of the breach or what was stolen. A Volvo spokesperson additionally declined to offer extra data.
The corporate is working with an impartial third-party researcher to analyze the property theft.
Volvo mentioned it applied safety countermeasures together with steps to forestall additional entry to its property and notified related authorities after it detected the unauthorized entry.
It seems that the theft was concentrating on firm R&D information, not buyer data. Volvo mentioned it “doesn’t see, with at present obtainable data, that this has an affect on the protection or safety of its prospects’ vehicles or their private information.”
A report launched in fall 2021 by digital threat safety firm CybelAngel discovered that the automotive trade is at extreme threat of ransomware assaults as a result of availability of a whole lot of 1000’s of uncovered credentials on-line.
The corporate’s six-month investigation of automotive firms, discovered that extremely delicate data was leaked, together with commerce secrets and techniques, personally identifiable data, blueprints of engines and manufacturing amenities, confidential agreements, human sources paperwork and extra. The corporate concluded that the these leaks occurred as a result of worker inside threats and exterior safety weaknesses throughout the automotive provide chain.

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