Security News > 2020 > November > IoT chip maker Advantech confirms ransomware attack, data theft
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.
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