Back in action, LockBit gang claims to steal TSMC data and demand US$70 million ransom

Back in action, LockBit gang claims to steal TSMC data and demand US million ransom

Posted On: July 1, 2023

Saturday July 1, 2023 | 4:45 p.m.

Hermann / HE

Jakarta, Beritasatu.com – gang the Pirates LockBit, which is the actor behind the disruption of Bank Syariah Indonesia (BSI) services, is back. TSMC, one of the world’s largest chipmakers and a major supplier to Apple, was recently attacked by the LockBit gang. Like the previous actions, the Lockbit gang also demanded a ransom of 70 million US dollars. In case of non-compliance, cybercriminals threaten to publish the stolen data.

reported from Gizchina, Saturday (1/7/2023), TSMC said that one of its hardware vendors, Kinmax Technology, suffered a hacking attack and its data was stolen. However, he said the incident had no impact on TSMC’s business operations and did not put customer data at risk.

TSMC initially denied being the victim of a ransomware attack by the LockBit gang. However, on Thursday (6/29/2023), the gang claimed that TSMC was their victim and demanded a ransom of US$70 million.

There is no indication that TSMC or Kinmax Technology plan to pay the hackers. Representatives of the two companies did not respond to questions about the ransom. TSMC was quick to assure investors and the public that the attack had no impact on its business operations and did not compromise customer data.

“At TSMC, each hardware component undergoes an extensive series of checks and adjustments, including security configurations, before being installed in TSMC systems. business operations of TSMC, or compromise any of TSMC’s customer information.” said a TSMC spokesperson. .

reported from The gardians, LockBit is the name given to a particular piece of malware, with the hacker gang behind it also going by that name. The LockBit group also sells this malware to other operators for financial gain, in a model known as ransomware as a service (Raas).

The LockBit operator not only encrypts files, but also performs double compression. They steal data and threaten to publish it online. LockBit usually demands payment from victims in digital assets.

Most hacker groups Ransomware tend to operate from Eastern Europe, former Soviet republics and Russia. In November 2022, the US Department of Justice indicted Mikhail Vasiliev, a dual Russian and Canadian citizen, for his alleged involvement in the LockBit ransomware campaign. The US Department of Justice says LockBit attacked at least 1,000 victims in the US and around the world, generating at least $100 million in ransom demands.

#LockBit# LockBit hacker gang# TSCM attacked by LockBit#LockBit Ransom Demand# Cyber attack