Hackers Demand more than 1,800 BTC from Electronics Giant Foxconn after Ransomware attack

Hackers Demand more than 1,800 BTC from Electronics Giant Foxconn after Ransomware attack

A multinational electronics giant and a well-known manufacturer of Apple products is the latest victim of a millionaires-ransomware attack on one of its affiliates during the Thanksgiving weekend.

Apple’s manufacturer is the latest victim of the known debauchery gang.

Foxconn, a publicly traded Taiwanese company and one of the largest electronics manufacturers, faced a cyber attack by Doppelpaymer, a group of hackers specializing in ransomware attacks, asking for a ransom of 1,804 bitcoin (BTC) worth more than $34 million since the time of the press.

According to Bleeping Computer, threat actors managed to steal unencrypted files before encrypting devices on Foxconn’s Mexican branch.

No financial information leaked by the Hackers…

The DoppelPaymer gang published a large part of the electronic giant’s files on December 7, 2020, but the media channels note that there is no financial or personal information of the employees in them. The attack reportedly took place on 29 November 2020, at the facilities in Ciudad Juarez, Mexico.

However, Doppelpaymer’s attackers made it clear to Bleeping Computer that they targeted Foxconn’s operations in North America, but did not attack the entire company. They also gave more details about the case:

We coded the NA segment, not the entire Foxconn segment, it’s about 1200-1400 servers, not workstation oriented. They also had about 75TBs of misc-back-ups, which we were able to destroy (about 20-30TB).

Speaking with, Brett Callow, threat analyst at malware lab Emsisoft, said that Doppelpaymer has hit several key organizations in the public and private sectors.

or, including Royal Military College of Canada, Newcastle University, Pemex, and the cities of Torrance and Knoxville.

They’re also known for asking for “extremely high ransom demands,” Callow said, who also added the following comment:

Ransomware is becoming more and more problematic. Average demand has risen from about $5k in 2018 to somewhere between $150k and $250k today. And, of course, that means that we now have criminals who are considerably more motivated and have better resources.

Electronic Giant’s Official Statement on the Ransomware Attack

Foxconn also made a statement on 8 December 2020:

We can confirm that an information system in the US that supports some of our operations in America was the focus of a cybersecurity attack on November 29th. We are working with technical experts and law enforcement agencies to conduct an investigation to determine the full impact of this illegal action and identify those responsible and bring them to justice.

On December 3, 2020, Black Shadow hackers attacked Shirbit’s IT infrastructure with a ransom, one of Israel’s largest insurance companies, claiming a ransom of 200 BTC (over $3.8 million).

Do you think that ransomware attacks are an underestimated problem? Please let us know in the comments below.

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Published on Wednesday 09 Dec 2020 10:00:42 +0000