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TSMC Chip Maker Blames WannaCry Malware for Production Halt

TSMC Chip Maker Blames WannaCry Malware for Production Halt
Aug 07, 2018
Taiwan Semiconductor Manufacturing Company (TSMC)—the world's largest makers of semiconductors and processors—was forced to shut down several of its chip-fabrication factories over the weekend after being hit by a computer virus. Now, it turns out that the computer virus outbreak at Taiwan chipmaker was the result of a variant of WannaCry —a massive ransomware attack that wreaked havoc across the world by shutting down hospitals, telecom providers, and many businesses in May 2017. TSMC shut down an entire day of production this weekend after several of its factories systems were halted by a computer virus in the middle of the ramp-up for chips to be used by Apple's future lines of iPhones, which could impact revenue by approx $256 million. According to the semiconductor manufacturer, its computer systems were not direct attacked by any hacker, but instead, were exposed to the malware "when a supplier installed tainted software without a virus scan" to TSMC&

iPhone Chip Supplier TSMC Stops Production After Computer Virus Attack

iPhone Chip Supplier TSMC Stops Production After Computer Virus Attack
Aug 06, 2018
Taiwan Semiconductor Manufacturing Company (TSMC)—Apple's sole supplier of SoC components for iPhones and iPads, and Qualcomm's major manufacturing partner—shut down several of its chip-fabrication factories Friday night after being hit by a computer virus. The world's largest makers of semiconductors and processors TSMC lost an entire day of production after several of its factories systems were halted by a computer virus in the middle of the ramp-up for chips to be used by Apple's future lines of iPhones. Though the popular chip maker has been attacked by viruses in the past, this is the first time a virus has affected TSMC's production lines, making the incident a real big deal. Without revealing many details, TSMC said a number of its computer systems and fabrication tools were infected by the virus on Friday night, but since then it has recovered 80% of its impacted equipment, though others will be recovered by tomorrow. According to TSMC, the comput

The Drop in Ransomware Attacks in 2024 and What it Means

The Drop in Ransomware Attacks in 2024 and What it Means
Apr 08, 2024Ransomware / Cybercrime
The  ransomware industry surged in 2023  as it saw an alarming 55.5% increase in victims worldwide, reaching a staggering 5,070.  But 2024 is starting off showing a very different picture.  While the numbers skyrocketed in Q4 2023 with 1309 cases, in Q1 2024, the ransomware industry was down to 1,048 cases. This is a 22% decrease in ransomware attacks compared to Q4 2023. Figure 1: Victims per quarter There could be several reasons for this significant drop.  Reason 1: The Law Enforcement Intervention Firstly, law enforcement has upped the ante in 2024 with actions against both LockBit and ALPHV. The LockBit Arrests In February, an international operation named "Operation Cronos" culminated in the arrest of at least three associates of the infamous LockBit ransomware syndicate in Poland and Ukraine.  Law enforcement from multiple countries collaborated to take down LockBit's infrastructure. This included seizing their dark web domains and gaining access to their backend sys
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