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

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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. [...]
 
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