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, situated in Goteborg, is now investing money to electrify every vehicle in its lineup by 2030.
However, Bleeping Computer stated that the Snatch ransomware gang was claiming responsibility for the attack. A spokesman earlier told AFP that the company had not been hit by ransomware and remained in full control of its data.
On November 30, the extortion gang published a new post on their data leak website detailing how they had broken into Volvo Car Corporation's servers and taken files during the incursion. The entry included screenshots of the taken files as evidence.
Since then, Snatch has also released 35.9 MB of just what it claim are papers that were taken during the hack from Volvo's systems. Volvo refused to respond when a cybersecurity firm emailed it to ask if the screenshots published by the Snatch extortion group were actually of files stolen from its systems.
