The factories of the world’s biggest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), were disrupted by a powerful piece of malware.
TSMC supplies semiconductors to Qualcomm, Nvidia, AMD, MediaTek, and Broadcom but it’s most important customer is Apple.
On Sunday, the company made an official statement in which describes the major incident as a “computer virus outbreak” that affected an unspecified number of computer systems and industrial tools in Taiwan. TSMC also revealed that the piece of malware used in this major cyber attack was, in fact, a variant of the already infamous WannaCry ransomware.
In order to stay away from any threats like this, we recommend the install of antivirus for Windows or antivirus for Mac on every device that you own, depending on which OS your device is running.
If you are a company, it is also recommended to hire every year a specialized cybersecurity company that will run annual tests on your company’s network. These tests include penetration testing and ethical hacking tests.
The infection was first spotted on August 3rd and by the 6th of August TSMC’s factories were restored This incident alone will have a significant impact on company revenue for the third quarter; it is expected that its revenue will have a loss of roughly $255 million.
TSMC is now preparing for shipment delays and additional high costs. Even if they had a fast and a full recovery, financial analysts estimate that the cyber attack will have an impact on the third quarter revenue of about three percent, and impact on the gross margin will be around one percentage point.
To this day most of TSMC’s customers have already been notified regarding this cyber attack, and the Taiwanese company is working closely with its customers to respect their delivery schedule.
According to TSMC, the malware point of entry into the network was via the installation package of a new tool. The company also mentioned that the incident did not affect data integrity and it did not harm or loss any confidential information.
We would continue to monitor this industrial cyberwar. Meanwhile, users should keep a keen eye out for any cyber attacks. Remember to use an antivirus for Windows or antivirus for Mac in every device that you own, depending on which OS your machine is running, If you are a company we recommend to hire every year a specialized cybersecurity company that will run annual tests on your company’s network, tests like this include: penetration testing and ethical hacking.
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Most of the companies don't care about cybersecurity until they suffer a breach.
A healthy company must perform a penetration test from time to time. The penetration test must execute against all the assets of the company, including the workers who are the most vulnerable to the social engineering attacks.
A penetration test can be done either by a security specialist from inside of the company or by hiring an external cyber security company who can take care of everything.
Besides penetration test, a company must have a minimum healthy cybersecurity system installed like antivirus or firewall.
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