Not Pay Ransomware, Hacker Sells Continental Data On Darknet Rp773 BILLION

Continental experienced ransomware hacking. (photo: Twitter @contintaltire)

JAKARTA Germany's tire factory, CONTROL on Tuesday, November 15 said it was investigating the theft of company data in cyber attacks. But they declined to comment on media reports that hackers had sold the information on the darknet.

The automotive tire and spare parts manufacturer said its investigation was moving forward with the highest priority. Last week it was reported that a cyberattack reported in August resulted in some data stolen from the company.

Earlier on Tuesday, the Handelsblatt business daily reported that hackers had published data lists on the darknet and that included budget plans, investments, and strategies, as well as information related to several Continental customers.

The hacker group called LockBit is rumored to have stolen 40 terabytes of data. The theft would be a huge amount, as complete outflows of data usually have to be stopped with technical security measures. In addition, according to a leak, the attacker is said to have extorted the ransom from the German tire company.

According to media reports, the company basically confirmed the attack, but did not want to comment on the details. "Continental has launched an investigation into the incident with the support of external cybersecurity experts," a spokesman said, as quoted by Spiegel.de.

Handelsblatt said the hackers had sold the data for $50 million after Kontinental "seems unwilling to pay the ransom".

Previously theLockBit hacker group had also caused a stir. At the time, they announced that they had hacked France's large defense firm Thales Group. LockBit is one of the very active and dangerous ransomware gangs as mentioned by the German Federal Criminal Police Office.

The European Union itself is currently regulating a law that prohibits any party from paying ransom to hackers. This regulation is expected to reduce ransomware hacking.