Taiwan Semiconductor Manufacturing Company (TSMC), a major chipmaker and supplier to Apple, has suffered a data breach at Kinmax Technology, one of its IT hardware suppliers. The breach was orchestrated by LockBit, a Russia-linked ransomware group, which is now demanding a $70 million ransom to prevent the release of the stolen data. This demand is one of the largest known in history. TSMC has reassured its customers that their data is secure and that the breach, which reportedly involves server setup and configuration data, has not affected its business operations.
Kinmax Technology has expressed regret over the incident, revealing that its internal testing environment was attacked, leading to the leakage of system installation preparations. The breach may have also affected other Kinmax customers, including Nvidia, HPE, Cisco, Microsoft, Citrix, and VMware, although the extent of this is currently unknown.
This incident highlights the growing cybersecurity challenges faced by the tech industry, as it strives to safeguard operations and customer data. It follows a series of global LockBit ransomware attacks, leading to the recent arrest and charging of a Russian national by the U.S. Justice Department for their alleged involvement in multiple LockBit attacks.
Source: iThinkDifferent
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