Security News > 2020 > November > IIoT chip maker Advantech hit by ransomware, $12.5 million ransom

IIoT chip maker Advantech hit by ransomware, $12.5 million ransom
2020-11-28 10:00

Industrial automation and Industrial IoT chip maker Advantech confirmed a ransomware attack that hit its network and led to the theft of confidential, albeit low-value, company documents.

The Conti operators behind the attack on Advantech's network have set a ransom of 750 BTC for full data decryption and for removing stolen data from their servers according to a chat log seen by BleepingComputer.

On November 26, the group began publishing Advantech's data on their ransomware data leak site as a 3.03GB archive with 2% of the stolen data and a text document with a list of files included in the ZIP archive.

Despite their promises, research by ransomware negotiation firm Coveware has shown that some ransomware operations don't actually remove deleted files after a ransom payment is made.

An Advantech spokesperson confirmed the ransomware attack and that data was stolen from the company's systems but did not comment on Conti's ransom demands.


News URL

https://www.bleepingcomputer.com/news/security/iiot-chip-maker-advantech-hit-by-ransomware-125-million-ransom/

Related vendor

VENDOR LAST 12M #/PRODUCTS LOW MEDIUM HIGH CRITICAL TOTAL VULNS
Advantech 50 5 141 96 52 294