Ferrari Details
Industry
Automotive
Security Incidents
1
Ferrari S.p.A. is an Italian luxury sports car manufacturer based in Maranello, Italy. Founded by Enzo Ferrari in 1939, initially as Auto Avio Costruzioni, the company built its first car in 1940. However, the Ferrari brand we recognize today officially began in 1947 when the first Ferrari-badged car, the 125 S, was completed. Over the decades, Ferrari has become synonymous with speed, luxury, and performance, earning a prestigious reputation in the automotive world and an iconic status in Formula One racing.
Ferrari has a strong presence in motorsport, with numerous championships in Formula...
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Security Incidents
Ferrari Breach of Jul 2024
The caller claimed security concerns to justify using an alternate number while discussing a currency hedge ...
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This incident is noteworthy due to the sophisticated use of AI for voice mimicking, highlighting the growing risks ass...
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Fortunately, no customer data was exposed during the incident. The scammers primarily targeted internal communications, aiming to manipulate high-level executives. No systems or services were taken offline, and the company managed to avoid any compromise of internal company data or intellectual property.
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Severity Score
Low to Moderate
Type
Social EngineeringSummary
On July 30th 2024, Ferrari reportedly thwarted a sophisticated cyber-scam involving impersonation of its CEO, Benedetto Vigna, using artificial intelligence (AI). An executive received a series of text messages and a phone call from an unknown number, which convincingly appeared to be from Mr. Vigna. The messages and call, delivered in a southern Italian accent matching the CEO's, referenced a confidential acquisition and included instructions to prepare for a Non-Disclosure Agreement.The caller claimed security concerns to justify using an alternate number while discussing a currency hedge ...
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Severity
In a recent incident involving Ferrari, an executive was targeted by scammers impersonating CEO Benedetto Vigna using advanced AI technology. The attackers leveraged deepfake audio to convincingly mimic Vigna's southern Italian accent, attempting to deceive the executive into signing a non-disclosure agreement and facilitating financial transactions. Fortunately, the executive's keen awareness and quick inquiry into specific details foiled the scam before any damage occurred.This incident is noteworthy due to the sophisticated use of AI for voice mimicking, highlighting the growing risks ass...
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Impact
This incident involved an advanced phishing attack facilitated through the use of AI deepfake technology. Scammers impersonated Ferrari's CEO, Benedetto Vigna, in an attempt to deceive an executive into providing confidential company information under the pretense of a major acquisition.Fortunately, no customer data was exposed during the incident. The scammers primarily targeted internal communications, aiming to manipulate high-level executives. No systems or services were taken offline, and the company managed to avoid any compromise of internal company data or intellectual property.
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