01 Mar 2023 -
 General

Ransomware attacks on the rise, reports electronics manufacturers

hackers

Semiconductor manufacturing equipment supplier Applied Materials has recently revealed one of its suppliers suffered from a $250 million ransomware attack. The true extent of the damage is still relatively unknown and may end up costing more than the original estimate.

Applied Materials never named the supplier that was attacked, but industry experts believe it is the technology and engineering company MKS Instruments, reports SourceEngine.

This recent ransomware attack is the latest in similar cyber-attacks on the semiconductor supply chain. According to reports, in 2022 there were 600 documented ransomware attacks through the industrial infrastructure sector, up 87% from 2021. That’s more than double, according to the cybersecurity firm Dragos. Worse is that 437 of these 600 ransomware attacks targeted manufacturing.  

In a further breakdown by the same study, 27 major ransomware attacks were on electronic and semiconductor manufacturers, including Apple supplier Foxconn.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics

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