November 17, 2023 at 11:47AM
Yamaha Motor’s motorcycle manufacturing subsidiary in the Philippines was hit by a ransomware attack, resulting in the theft and leak of some employees’ personal information. The breach was detected on October 25, and the company has been investigating with the help of external security experts. The attack was attributed to the INC RANSOM gang, who have targeted various organizations in double extortion attacks. Yamaha Motor Philippines has reported the incident to relevant authorities and is assessing the full extent of the attack’s impact.
According to the meeting notes, Yamaha Motor’s Philippines motorcycle manufacturing subsidiary experienced a ransomware attack last month, which resulted in the theft and leakage of employees’ personal information. The company has been working with external security experts to investigate the incident since it was first detected on October 25. The breach impacted a single server at Yamaha Motor Philippines and did not affect the headquarters or other subsidiaries within the Yamaha Motor group. The company has reported the incident to relevant Philippine authorities and is assessing the full extent of the attack’s impact. The INC RANSOM gang has claimed responsibility for the breach and has leaked stolen data on their dark web leak site. This gang has targeted organizations across various sectors using double extortion attacks. Victims are given a 72-hour ultimatum to negotiate with the threat actors, with the threat of public disclosure of the stolen data if they do not comply. Those complying with the ransom demand receive assistance with file decryption and other assurances from the attackers.