Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has confirmed it’s experienced a data breach after being listed as a victim by the LockBit ransomware gang.
The Russia-linked LockBit ransomware gang listed TSMC on its dark web leak site on Thursday. The gang is threatening to publish data stolen from the company, which commands 60% of the global foundry market, unless the company pays a $70 million ransom demand. This is one of the largest known ransom demands in history, according to William Thomas, a cyber threat intelligence researcher at Equinix.
“In the case of payment refusal, also will be published points of entry into the network and passwords and logins company,” LockBit wrote. The gang didn’t provide any evidence of the data it had allegedly stolen.
