Silicon Heist: Notorious LockBit 3.0 Ransomware Gang Targets World’s Biggest Chip Maker TSMC in a Daring $70M Ransom
The LockBit 3.0 ransomware group is shaking the tech world, aiming a $70M ransom gun at TSMC, the world’s largest dedicated chip foundry. Non-payment threats include publishing network entry points, passwords, and logins – a potential Armageddon for the semiconductor behemoth and its mega-clients, including Apple, Qualcomm, and Nvidia.
Updated Jun 30, 2023 | 11:32 AM IST
The Silicon Underworld Rises: A Sinister 70M Ransom
KEY HIGHLIGHTS
- LockBit 3.0 targets TSMC, world’s largest chip foundry, demanding a staggering $70M digital ransom.
- A TSMC data breach could send shockwaves across the tech industry, impacting major clients including Apple, Qualcomm, and Nvidia.
- LockBit 3.0 threatens to expose network access points, passwords, and logins if the ransom is not paid.
In an audacious cyber stunt, the LockBit 3.0 ransomware group has set its sights on the colossal titan of the semiconductor industry , the Taiwan Semiconductor Manufacturing Company Limited ( TSMC ). Notoriously shaking up the digital underworld, the group has demanded an eye-watering $70 million to avoid leaking sensitive data and network details. The startling news has sent tremors through the global tech industry, given the immense repercussions this could have for TSMC’s high-profile clientele, including tech behemoths like Apple , Qualcomm , and Nvidia .
LockBit 3.0 DarkWeb Leaksite
LockBit 3.0: The DarkWeb’s Demanding Deities
The Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency (CISA), and the Multi-State Information Sharing & Analysis Center (MS-ISAC) define LockBit 3.0 operations as a Ransomware-as-a-Service (RaaS) model. This model follows a trajectory from previous versions of the ransomware, LockBit 2.0, and LockBit. The rapid adaptation and diversified tactics of LockBit affiliates pose a significant challenge for network defense and mitigation.
The Dreadful Digital Drill
The cyber villains gain initial access via a range of invasive tactics, including remote desktop protocol (RDP) exploitation, drive-by compromise, phishing campaigns, and the abuse of valid accounts. Once they’ve breached the perimeter, they…
