Security News > 2022 > October > Pendragon car dealer refuses $60 million LockBit ransomware demand
Pendragon Group, with more than 200 car dealerships in the U.K., was breached in a cyberattack from the LockBit ransomware gang, who allegedly demanded $60 million to decrypt files and not leak them.
Pendragon owns CarStore, Evans Halshaw, and Stratstone luxury car retailer, that sell brands cars for all budgets, from Jaguar, Porsche, Ferrari, Mercedes-Benz, BMW, Land Rover, or Aston Martin, to Renault, Ford, Hyundai, Nissan, Peugeot, Vauxhall, Citroen, DS, Dacia, and DAF. Pendragon did not provide many details about the security incident and limited the information to saying that there is no impact on operations.
According to the U.K. publication, the LockBit asked for a $60 million ransom.
The company spokesperson said that Pendragon stands firm on its decision to not pay the hackers.
After discovering the attack, Pendragon reported the incident to law enforcement in the U.K. as well as to the country's data protection office.
LockBit's attack on Pendragon comes around the time the U.K. car dealer received a takeover offer of £400 million from the Sweden-based Hedin Mobility Group.