'Chipmaker TSMC Confirms Data Leak After A Cyberattack Targeted Its Supplier' - Axios
Portfolio Pulse from Happy Mohamed
Taiwan Semiconductor Manufacturing Co. (TSMC) confirmed a data leak following a cyberattack on one of its IT hardware suppliers, Kinmax. The LockBit ransomware gang claimed responsibility for the attack and demanded a $70 million ransom. The leaked information pertains to server initial setup and configuration, but TSMC stated that its business operations and customer information were not affected. The incident is currently under investigation.
June 30, 2023 | 3:06 pm
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NEUTRAL IMPACT
TSMC's IT hardware supplier, Kinmax, was targeted in a cyberattack resulting in a data leak. However, TSMC's business operations and customer information were not affected.
While the cyberattack targeted TSMC's supplier and resulted in a data leak, TSMC has confirmed that its business operations and customer information were not affected. This suggests that the immediate impact on TSMC's stock may be neutral. However, the situation warrants monitoring as further details emerge.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100