Taiwan Semiconductor Manufacturing Company (TSMC) has confirmed a data breach after being targeted by the LockBit ransomware gang. The gang has threatened to publish stolen data from TSMC unless a $70 million ransom is paid. TSMC, the largest contract chipmaker globally, has stated that the incident has not affected its business operations or compromised customer information. The breach occurred at TSMC’s IT hardware supplier, Kinmax Technology, which has terminated data exchange with the supplier following the incident. The breach highlights the growing threat of ransomware attacks targeting major companies.
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