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Ransomware Group Threatens to Leak Information Stolen From Automobile Components Big Continental

By Eduard Kovacs on November 04, 2022

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The infamous LockBit ransomware group is threatening to publish information allegedly stolen from German automobile components large Continental.

On its Tor-based leak web site, the group says all information — the precise amount of information or its sort shouldn’t be being specified — can be revealed on November 4, three hours after the publication of this text.

Continental did say in August that it had been focused in a cyberattack, with hackers infiltrating a few of its IT techniques.

“The corporate detected the assault in early August after which averted it. Continental’s enterprise actions haven’t been affected at any level. The know-how firm maintains full management over its IT techniques,” Continental stated on the time.

The corporate has not shared any further details about the assault, but it surely did counsel on the time that some information could have been stolen.

Along with information, the LockBit ransomware group seems to be threatening to make public the chat logs of conversations between the cybercriminals and the automotive large. If the assault disclosed by Continental in August was performed by LockBit, it’s doable that the corporate has been attempting to barter with the hackers till now.

SecurityWeek has reached out to Continental for clarifications and can replace this text if further data is supplied by the corporate.

“Over the past 12 months we now have seen a dramatic rise within the variety of assaults attributable to the LockBit ransomware group, with Continental the newest sufferer to have their information threatened to be revealed,” stated Raj Samani, SVP chief scientist at Rapid7. “Our analysis exhibits that LockBit’s market share in ransomware assaults per group has elevated from 1% in 2020 to 4% in 2021, and it will solely develop if they’re allowed to proceed stealing delicate information and promoting it on for revenue.”

Darren Williams, CEO of ransomware specialist Blackfog, commented, “Firms inside the automotive sector are sometimes massive, complicated organizations with useful property below administration, so it comes as no shock that ransomware teams are concentrating on them. What’s stunning is that multinational organizations are nonetheless counting on applied sciences that aren’t as much as the job of stopping ransomware.”

Williams added, “The latest assault on UK auto supplier Pendragon, which had a report breaking ransom demand of £54 million, clearly demonstrates how profitable this sector might be for cybercriminals. Worryingly, the development for concentrating on this business will proceed until funding is made in newer know-how designed to forestall trendy threats.”

Associated: LockBit Ransomware Web site Hit by DDoS Assault as Hackers Begin Leaking Entrust Information

Associated: LockBit 3.zero Ransomware Emerges With Bug Bounty Program

Associated: LockBit Ransomware Abuses Home windows Defender for Payload Loading

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