DIGITAL CONTENT CREATOR

LockBit, one of the most notorious ransomware gangs around, is claiming responsibility for a cyberattack that hit the German auto parts giant Continental. The ransomware gang allegedly stole some data from the company’s systems and is now threatening to make the data publicly available if their demands are not met by Continental.

LockBit has yet to make available any information on what kind of data they have extracted and are ready to publish. However, this tactic can indicate that the negotiations between the parties have either not started or Continental has refused to comply with the gang’s demands.

What Happened?

Back in August, the German company issued a press release announcing that it detected a breach in its systems. According to the press release, Continental took all the necessary defensive measures to restore the full integrity of its IT systems.

With the support of external cybersecurity experts, the company started an investigation into the incident to find out who was behind the attack, but no update has been given so far.

When asked about the current incident, Kathryn Blackwell, Continental’s VP of Communications & Marketing, told BleepingComputer that she cannot provide any further details on the matter at the time being, and refused to link the August incident to LockBit’s claims.

Continental employs more than 190,000 employees worldwide in 58 markets and had sales of €33.8 billion in 2021.

About LockBit Ransomware

LockBit first surfaced in September 2019 as a RaaS (ransomware-as-a-service) operation. Since then, the operation has made a lot of victims, getting high notoriety in the industry. Since then, LockBit released the 3.0 version of their malware.

It was reported that it is the most active group in the cybercrime world at the moment, registering 231 victims in 2022’s second quarter alone.

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