Feeds

F1 engineers plan appeal in Ferrari espionage case

In the pit

Reducing security risks from open source software

Two former Ferrari engineers accused of stealing trade secrets have been convicted of industrial espionage.

Angelo Santini and Mauro Iacconi were last week sentenced by an Italian court to jail terms of nine and 16 months respectively over charges of stealing confidential engineering data from Ferrari and using it to design cars for motor racing rivals Toyota. Both intend to appeal.

Sensitive data stolen from Ferrari - including engineering documents, test data and other undisclosed documents – was allegedly used to develop the 2002 and 2003 edition of Toyota’s car. Iacconi, a wind tunnel engineer who worked at Ferrari between 1986 and 2000 before moving to Toyota, said the data in question was dated and was of no value in the design of Toyota’s car, Autosport.com reports..

Security firms were quick to highlight the case as an example of the dangers of uncontrolled use of removable storage devices in facilitating data theft.

“This prosecution highlights the seriousness of the ‘insider threat’. Disgruntled employees still find it all too easy to take company secrets off the network and onto portable storage devices such as CDs and USB sticks,” said Matt Fisher, VP of Centennial Software. “You don’t have to work in Formula One for your secrets to be valuable to the competition. With corporate IP the fuel that keeps business running, all companies are vulnerable to damage from data leaks,” he added. ®

Mobile application security vulnerability report

More from The Register

next story
LibreSSL RNG bug fix: What's all the forking fuss about, ask devs
Blow to bit-spitter 'tis but a flesh wound, claim team
Microsoft: You NEED bad passwords and should re-use them a lot
Dirty QWERTY a perfect P@ssword1 for garbage websites
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
NUDE SNAPS AGENCY: NSA bods love 'showing off your saucy selfies'
Swapping other people's sexts is a fringe benefit, says Snowden
Own a Cisco modem or wireless gateway? It might be owned by someone else, too
Remote code exec in HTTP server hands kit to bad guys
British data cops: We need greater powers and more money
You want data butt kicking, we need bigger boots - ICO
Crooks fling banking Trojan at Japanese smut site fans
Wait - they're doing online banking with an unpatched Windows PC?
NIST told to grow a pair and kick NSA to the curb
Lrn2crypto, oversight panel tells US govt's algorithm bods
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.