Amidst Global Cybersecurity Concerns, TSMC Falls Victim to LockBit Ransomware Threat: Hackers Demand $70M
Portfolio Pulse from Anusuya Lahiri
Taiwan Semiconductor Manufacturing Company Ltd (TSMC) has confirmed a data breach following a ransomware attack by the LockBit gang, who are demanding a $70 million ransom. The breach occurred at one of TSMC's IT hardware suppliers, Kinmax Technology, which lists Hewlett Packard Enterprise Co, Cisco Systems, Inc, Microsoft Corp, Citrix, and Vmware, Inc as its partners. This comes amidst reports of 'Anonymous Sudan', a hacktivist group, causing outages at Microsoft for months.
June 30, 2023 | 5:26 pm
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Cisco Systems, Inc is listed as a partner of Kinmax Technology, the IT hardware supplier at the center of the TSMC data breach.
As a partner of Kinmax Technology, Cisco Systems, Inc could potentially face reputational damage due to the data breach, which could negatively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Hewlett Packard Enterprise Co is listed as a partner of Kinmax Technology, the IT hardware supplier at the center of the TSMC data breach.
As a partner of Kinmax Technology, Hewlett Packard Enterprise Co could potentially face reputational damage due to the data breach, which could negatively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Microsoft Corp is listed as a partner of Kinmax Technology, and has also been experiencing outages caused by the 'Anonymous Sudan' hacktivist group.
Microsoft Corp could potentially face reputational damage due to the data breach at Kinmax Technology, and the ongoing outages caused by 'Anonymous Sudan' could disrupt its operations, both of which could negatively impact its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
TSMC has been targeted by a ransomware attack, which could potentially impact its operations and reputation.
The ransomware attack on TSMC could potentially disrupt its operations and damage its reputation, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vmware, Inc is listed as a partner of Kinmax Technology, the IT hardware supplier at the center of the TSMC data breach.
As a partner of Kinmax Technology, Vmware, Inc could potentially face reputational damage due to the data breach, which could negatively impact its stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50