News and Updates on Information Technology

Japan – Honda Motor Company Inc.

Exploit: Ransomware
Honda Motor Company Inc.: Automotive and Equipment Manufacturer 

Risk to Small Business: 1.308 = Extreme

Honda was recently walloped by a huge cyberattack that briefly shut down production at its factories worldwide. The attackers are suspected of using SNAKE/EKANS ransomware to infiltrate equipment and computer systems connected to operations and production in every Honda facility, leading to delayed post-pandemic reopenings at some factories. Honda is undertaking restoration operations at its factories, sales centers, and business units and has successfully restored most functionality.  

Individual Risk: No individual data was reported as compromised in this breach, nor does Honda believe that individual data was affected.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Ransomware is a powerful foe, and even unsophisticated ransomware like SNAKE/EKAN can bring a mighty company like Honda to its knees fast. Without a comprehensive digital risk protection strategy in place, companies are at a higher risk of attack by bad actors looking to steal data or disrupt operations.