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

From bleepingcomputer.com

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

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.

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