TSMC confirms data breach after LockBit cyberattack on third-party supplier

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, has confirmed it’s experienced a data breach after being listed as a victim by the LockBit ransomware gang.
The Russia-linked LockBit ransomware gang listed TSMC on its dark web leak site on Thursday. The gang is threatening to publish data stolen from the company, which commands 60% of the global foundry market, unless the company pays a $70 million ransom demand. This is one of the largest known ransom demands in history, according to William Thomas, a cyber threat intelligence researcher at Equi

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