German authorities and Continental launch investigation after August cyberattack

Share post:

Continental, a German tire and automotive supplier, said it was investigating the theft of company data as part of a high priority cyberattack, but declined to comment on media reports that hackers had sold the information.

According to the German business newspaper Handelsblatt, hackers published a list of data on the darknet containing budget, investment and strategy plans, as well as information about some Continental customers.

After Continental refused to pay a ransom, the hackers put the data up for sale for $50 million.

German prosecutors have been investigating the cyberattack since November 8, after Continental reported a cyberattack in August and revealed that some company data had been stolen.

About 40 terabytes of data were stolen in the attack.

The sources for this piece include an article in Reuters.

SUBSCRIBE NOW

Related articles

Cyber Security Today, May 24, 2024 – A threat actor leverages Windows BitLocker in ransomware attacks, beware of ORB networks, and more

A threat actor leverages Windows BitLocker in ransomware attacks, beware of ORB networks, and more. Welcome to Cyber Security...

Canada centralizing cybersecurity efforts of federal IT departments

Federal departments and agencies are making only marginal progress in improving their cyber maturity, Ottawa said Wednesday as...

Cyber Security Today, May 22, 2024 – LockBit ransomware gang hits more victims, Fluent Bit servers need to be updated, and more

LockBit ransomware gang hits more victims, Fluent Bit servers need to be updated, and more. Welcome to Cyber Security...

Google criticizes Microsoft’s security practices in new report

Google has publicly criticized Microsoft for a series of security missteps, suggesting that organizations might consider more secure...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways