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Apple supplier Taiwan semiconductor manufacturing company confirms data breach, hackers demand USD 70 Million

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Content Team
Image Credit: news18

Apple supplier TSMC, the world’s largest contract chipmaker, has confirmed that it suffered a data breach after being named as a victim by the Russia-linked LockBit ransomware gang. According to TechCrunch, the LockBit ransomware gang listed TSMC on its dark web leak site, and threatened to publish data stolen from the company, which commands 60% of the global foundry market, unless the chipmaker pays a $70 million ransom demand.