LockBit Ransomware Gang Strikes Foxconn Factory Disrupting Operations
RaaS isn’t just a proof of concept, but a criminal business model operating in the real world. LockBit, a Russian-based RaaS provider that splits ransom profits with its customers, has claimed responsibility for a recent ransomware attack on a Foxconn production plant. Foxconn is an electronics manufacturer headquartered in Taiwan whose customers include Apple, Nintendo, Google, and Microsoft. The company operates in a number of countries, including China, Mexico, and the United States, and completed a deal just last month to purchase a former GM plant in Ohio.
Foxconn addressed the ransomware attack in the following statement to BleepingComputer: “It is confirmed that one of our factories in Mexico experienced a ransomware cyberattack in late May. The company's cybersecurity team has been carrying out the recovery plan accordingly. The factory is gradually returning to normal. The disruption caused to business operations will be handled through production capacity adjustment. The cybersecurity attack is estimated to have little impact on the Group's overall operations. Relevant information about the incident is also provided instantly to our management, clients, and suppliers.”