Norwegian Unit Wipes Security-Code Video From Chinese-Linked Rentals

Cybersecurity8 days ago

Members of the Home Guard District 02 erased on-board surveillance of personnel and secure gates after discovering the data on hired vehicles used in Oslo. Evidence from the newspaper Dagens Næringsliv indicates the recordings were produced by standard dashcams that soldiers mistakenly left active, and there is no proof the footage was transmitted outside the cars. The erasure follows a dispute over whether the capture of security codes during an exercise from September 14 to 18 was a result of user error or deliberate espionage.

The cars were provided by Hertz Norway under a 350 million Norwegian kroner contract that runs from 2024 to May 2028. Hertz Norway's ownership chain leads to Geely, the Chinese parent of Volvo. While some affected cars were of the Chinese brand Deepal, the military continued using the fleet throughout the drill due to a lack of transportation alternatives.

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Possible scenarios

45%Contained Norwegian Probe+0.1%
25%Rental Security Clampdown+0.2%
18%China Diplomatic Dispute+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Norwegian Unit Wipes Security-Code Video From Chinese-Linked Rentals

In this story

Norwegian Home Guard Hertz Geely Deepal Oslo Volvo Cars

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

45%Contained Norwegian Probe+0.1%
25%Rental Security Clampdown+0.2%
18%China Diplomatic Dispute+0.1%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.