3:06:09 PM PDT - Monday, August 15th, 2022

German semiconductor giant Semikron says hackers encrypted its network  

By Editor - Wed Aug 03, 5:28 am

Semikron, a German manufacturer that produces semiconductors for electric vehicles and industrial automation systems, has confirmed it has fallen victim to a cyberattack that has resulted in data encryption. “Semikron is already in the process of dealing with the situation so that workflows and all related processes can continue without disruption for both employees and customers as soon as possible,” a Semikron spokesperson told TechCrunch. Semikron declined to disclose the nature of the cyberattack, but all signs point to ransomware . The semiconductor maker said in a statement that hackers claim to have “exfiltrated data from our system,” adding that the incident has led to a “partial encryption of our IT systems and files.” This suggests the malicious actor behind the attack has used the double extortion ransomware tactic, whereby cybercriminals exfiltrate a victim’s sensitive data in addition to encrypting it. The Nuremberg-based group company, which claims to power 35% of the wind turbines installed globally each year, declined to say who was behind the attack nor whether it received a ransom demand. However, Bleeping Computer reports that Semikron was the victim of the LV ransomware, with the hackers apparently stealing 2 terabytes of documents. LV ransomware has been in operation since at least 2020 and uses a modified variant of REvil ransomware, according to cybersecurity company Secureworks.

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German semiconductor giant Semikron says hackers encrypted its network

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