Apple supplier TSMC confirms data breach, hackers demand $70 mn | Zee Business

TL;DR

Apple supplier Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, has confirmed that it suffered a data breach after being named as a victim by the Russia-linked LockBit ransomware gang.  According to TechCrunch, the LockBit ransomware gang listed TSMC on its dark web leak site on Thursday, and threatened to publish data stolen from the company, which commands 60 per cent of the global foundry market, unless the chipmaker pays a $70 million ransom demand. Moreover, the report mentioned that TSMC shared a copy of the communication it received from Kinmax Technology, an IT services and consulting firm that specialises in networking, cloud computing, storage, security, and database management

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