TSMC partner breached by LockBit ransomware gang

Taiwan Semiconductor Manufacturing Company’s partner, Kinmax Technology, suffered a data breach where proprietary data was stolen. Cybercrime gang LockBit, now demanding a $70m ransom, threatens to unveil more data. Although no customer data was stolen and company operations remain unaffected, TSMC has halted data exchanges with Kinmax for the meantime. The incident remains under investigation with law enforcement agencies.