IIoT chip maker Advantech hit by ransomware, $12.5 million ransom


Level 73
Content Creator
Malware Hunter
Aug 17, 2014
The Conti ransomware gang hit the systems of industrial automation and Industrial IoT (IIoT) chip maker Advantech and is now demanding a $14 million ransom to decrypt affected systems and to stop leaking stolen company data.

Advantech is a global leading manufacturer of IT products and solutions, including embedded PCs, network devices, IoT, servers, and healthcare solutions, with a workforce of over 8,000 people in 92 major cities around the world. The company was the world industrial computing leader with a 34% WW Market Share in 2018 and it reported a yearly sales revenue of over $1.7 billion in 2019.

The Conti operators behind the attack on Advantech's network have set a ransom of 750 BTC (roughly $12,600,000 at today's exchange rate) for full data decryption and for removing stolen data from their servers according to a chat log seen by BleepingComputer. [...]