One of Taiwan’s major semiconductor manufacturers, Foxsemicon, fell victim to a cyberattack by the LockBit ransomware gang.
The hackers threatened to publish customers’ data on their darknet websites unless a ransom was paid. The attackers claimed to have accessed five terabytes of the company’s data.
Foxsemicon recovered its website after detecting the attack and is working with security experts. While the incident is not expected to impact operations significantly, the website remains inaccessible, and the stock price for Foxsemicon dropped about 3 percent.
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The ransom amount and any leaked personal information have not been disclosed.
LockBit, typically a financially motivated group, used an atypical tactic in this attack. Taiwan has seen a surge in cyberattacks, possibly linked to the recent presidential election, with China implicated. Despite the political context, LockBit’s motivation is likely financial rather than geopolitical.
What is LockBit Ransomware?
LockBit ransomware is a notorious ransomware strain known for being aggressive and devastating.
The ransomware uses advanced encryption to lock a victim’s files, primarily targeting documents, images, and videos. After encryption, LockBit exfiltrates any sensitive data and threatens extortion if the ransom is not paid.
Do not be the next victim of LockBit ransomware. It’s never too late to prevent the next attack.
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