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 * Business


VOLVO HIT BY CYBER THEFT OF INTELLECTUAL PROPERTY


SWEDISH CAR MAKER SAYS CYBERSECURITY BREACH COULD HAVE IMPACT ON OPERATIONS

Why Ransomware Attacks Are on the Rise and How the U.S. Can Fight Them
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Why Ransomware Attacks Are on the Rise and How the U.S. Can Fight Them

Ransomware attacks are increasing in frequency, victim losses are skyrocketing,
and hackers are shifting their targets. WSJ’s Dustin Volz explains why these
attacks are on the rise and what the U.S. can do to fight them. Photo
illustration: Laura Kammermann
By
William Boston
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WILLIAM BOSTON

 * Biography
 * @berlindiary
 * BerlinDiary
 * william.boston@wsj.com

Dec. 10, 2021 3:26 pm ET

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BERLIN— Volvo Car AB, the Swedish car maker, said Friday that it was
investigating a cybersecurity breach targeting systems that store research and
development files and warned the hack could have an impact on the company’s
operations.

Volvo, majority-owned by China’s Zhejiang Geely Holding Group, said the data had
been stolen from an unnamed third party, which it said had contacted Volvo about
the theft.

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