JVCKenwood, a Japanese multinational electronics company, has suffered a Conti ransomware attack where the threat actors claim to have stolen 1.7 TB of data and are demanding a $7 million ransom.

A few days ago, JVCKenwood disclosed that servers belonging to its sales companies in Europe were breached on September 22nd, and the threat actors may have accessed data during the attack.

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“JVCKENWOOD detected unauthorized access on September 22, 2021 to the servers operated by some of the JVCKENWOOD Group’s sales companies in Europe. It was found that there was a possibility of information leak by the third party who made the unauthorized access,” JVCKENWOOD announced in a press statement.

“Currently, a detailed investigation is being conducted by the specialized agency outside the company in collaboration with the relevant authorities. No customer data leak has been confirmed at this time. The details will be announced on the company website as soon as they become available.”

Conti is a ransomware family believed to be operated by the TrickBot threat actor group and is commonly installed after networks are compromised by the TrickBot, BazarBackdoor, and Anchor trojans.

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