Some Volvo R&D data has been stolen
Some Volvo R&D data has been stolen

Volvo Cars is investigating cybersecurity breaches and the theft of a limited amount of the company's research and development data. The Chinese-owned Swedish automaker has reported a privacy breach.

The company announced that a third party had illegally accessed one of its file repositories. The company said in a statement that the investigation revealed the theft of a limited number of the company's research and development assets in the break-in.

Volvo Cars said that although the number is limited, it could have an impact on the company's operations. They did not provide any more accurate information about the extent of the violation or the thefts. A Volvo spokesperson also declined to provide further information.

The company is working with an independent outside researcher to investigate property theft. The company said it has taken security measures, including measures to prevent further access to its properties. He also informed the relevant authorities after discovering the unauthorized access.

The theft appears to be the company's research and development data, not customer information.

The company, based on the information currently available, said it would not harm the safety of the cars or the personal data of its customers. The statement said that this is based solely on the information currently available.

Swiss technology news site INSIDE IT reported the ransomware organization Snatch on January 23.

Volvo has been subjected to a cyber attack

A report released in the fall of 2021 by CybelAngel, a digital threat protection company, found that the auto industry is at high risk of ransomware attacks due to the availability of thousands of exposed data online.

The company conducted a six-month investigation with the automaker and found that highly sensitive information had been leaked. Including trade secrets, personally identifiable information, engine plans, production facilities, confidentiality agreements, personal documents, etc.

The company concluded that the leaks resulted from internal threats to employees and external security breaches across the automotive supply chain.

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