Wave Systems Corp. (fka WAVXQ)

[Genz2]

Pendragon car dealer refuses $60 million LockBit ransomware demand

https://www.bleepingcomputer.com/news/security/pendragon-car-dealer-refuses-60-million-lockbit-ransomware-demand/

Excerpts:

Pendragon Group, with more than 200 car dealerships in the U.K., was breached in a cyberattack from the LockBit ransomware gang, who allegedly demanded $60 million to decrypt files and not leak them.

Pendragon owns CarStore, Evans Halshaw, and Stratstone luxury car retailer, that sell brands cars for all budgets, from Jaguar, Porsche, Ferrari, Mercedes-Benz, BMW, Land Rover, or ASTON MARTIN, to Renault, Ford, Hyundai, Nissan, Peugeot, Vauxhall, Citroen, DS, Dacia, and DAF.

The hackers asked for "tens of millions of dollars before a deadline" under the threat of publishing stolen data, Costello added. According to the U.K. publication, the LockBit asked for a $60 million ransom.
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