"LockBit Claims TSMC Hack, Demands $70m Ransom"

National Hazard Agency, a sub-group of the LockBit ransomware gang, has recently posted the name of Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chip manufacturer, on LockBit’s dark web leak site on June 29, 2023.  The threat actor has demanded TSCM pay a $70m ransom to prevent them from leaking the data they allegedly possess.  The victim was initially given seven days to respond, but the deadline has since been extended to August 6.  Currently, there is no information on the type of data LockBit may have extorted or whether they have any TSMC data at all.  At the same time, it has been reported that Kinmax Technologies, one of TSMC’s suppliers, which also works with Cisco, HPE, Microsoft, Citrix, VMware, and Nvidia has suffered a cyberattack, which led to the leak of information pertinent to server initial setup and configuration.  Kinmax Technologies did not mention TSMC directly, and there is no official communication from the chip manufacturer currently  If the breach is confirmed, it would be the fourth-largest ransom demand in ransomware history, according to William Thomas, a cyber threat intelligence researcher at Equinix.  TSMC produces 65% of the world’s semiconductors and 90% of the most advanced nodes.  It has an estimated annual revenue of over $74bn in 2023.

Infosecurity reports: "LockBit Claims TSMC Hack, Demands $70m Ransom"