Nidec Details

    Organization Logo

    Nidec

    Kyoto, Kyoto Prefecture • 100000 employees • Manufacturing

    https://www.nidec.com
    Japan

    Industry

    Manufacturing

    Security Incidents

    1

    Nidec Corporation is a Japanese multinational corporation that specializes in the design and manufacturing of electric motors. Founded in 1973 by Shigenobu Nagamori, the company has grown to become one of the world's leading producers of small precision motors, with applications ranging from hard disk drives to various consumer electronics and automotive components. The company is headquartered in Kyoto, Japan, and has expanded its operations globally through numerous acquisitions and strategic partnerships.

    Over its history, Nidec has firmly established itself as a pioneer in advancing motor...
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    Security Incidents

    Nidec Breach of Jun 2024
    Severity Score
    Moderate

    Type

    Ransomware Attack

    Summary

    Earlier in 2024, Nidec Corporation, a major player in precision motors and related industries, experienced a ransomware attack targeting its division in Vietnam. Hackers allegedly obtained valid VPN credentials from an employee to access a server containing sensitive data. While the ransomware did not encrypt files, the attackers managed to exfiltrate and ultimately leak 50,694 files on the dark web. This included internal documents, business partner communications, procurement-related documentation, labor and health policies, and business documents like contracts and purchase orders.

    The att...
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    Severity

    The Nidec Corporation suffered a ransomware incident that resulted in the exposure of over 50,000 files containing sensitive business documents, internal policies, and correspondence with partners. Attackers infiltrated the networking infrastructure of Nidec Precision in Vietnam using compromised VPN credentials. The attack was attributed to the 8BASE and Everest ransomware gangs, who later published the data when their ransom demands were not met.

    Despite the breach being limited to the Vietnam subsidiary and Nidec stating that no direct financial harm has been observed from the leaked data...
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    Impact

    The cyber incident involving Nidec Corporation was a ransomware attack targeting its Vietnam-based subsidiary, Nidec Precision. In this attack, threat actors accessed the company's network using stolen VPN credentials, which allowed them to steal approximately 50,694 files. The stolen data consisted of internal documents, business correspondence, contracts, and other information related to operations and supply chain processes. Although there was no encryption of data, the attackers leaked these files on the dark web after their ransom demands were unmet.

    Customer data was not directly expose...
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