Home Brand Story TSMC was attacked, hackers demanded $70 million ransom with data threats

TSMC was attacked, hackers demanded $70 million ransom with data threats

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TSMC recently confirmed to foreign technology media TechCrunch that the company was hit by a cyber attack and some data was leaked.

A TSMC spokesperson said that the cybersecurity incident resulted in a data leak “related to the initial server settings and configuration,” but TSMC customer information was not affected.

TSMC’s official statement as follows:

TSMC has reviewed the cybersecurity incident, which did not affect TSMC's business operations and did not leak any of TSMC's customer information.

TSMC terminated the data exchange with the vendor immediately after the incident in accordance with the company's security protocols and standard operating procedures.

Ransom group LockBit claimed responsibility for the security incident, officially listing the data on its website and demanding a ransom of $70 million.

LockBit says it will also release passwords and login information if TSMC doesn’t pay. lockBit says the data in question was stolen from Kinmax Technology, which provides networking, cloud computing, storage and database management IT services for TSMC.

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