Security News > 2021 > December > Volvo Cars discloses security breach leading to R&D data theft
"Investigations so far confirm that a limited amount of the company's R&D property has been stolen during the intrusion. Volvo Cars has earlier today concluded, based on information available, that there may be an impact on the company's operation.".
Volvo said it notified relevant authorities after discovering the incident and is now investigating the data theft together with third-party experts.
"The company does not see, with currently available information, that this has an impact on the safety or security of its customers' cars or their personal data," Volvo added.
The ransomware added an entry on their data leak site on November 30 about breaching Volvo Car Corporation's servers and stealing files during the intrusion, together with screenshots of the stolen files as proof.
"Volvo Cars does not comment on speculation about potential cyber security attacks but takes all potential threats to its cyber security and thefts of its property seriously," Volvo said.
"Cyber security is an integral part and a top priority of our global development work and operations. Volvo Cars actively participates in and contributes to the international work on standardisation and best practices, and apply industry-accepted recommendations on cyber security."