financetom
Business
financetom
/
Business
/
After Nvidia, Samsung under cyberattack; hackers target Galaxy devices' source code
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
After Nvidia, Samsung under cyberattack; hackers target Galaxy devices' source code
Mar 8, 2022 10:51 AM

Samsung has become the latest tech giant to confirm that it was hit by hackers who have stolen almost 200 GBs of data from the South Korean giant. Samsung was hit by the Lapsus$ group, which has also claimed responsibility for the ransomware attack on Nvidia.

The group has stated that it has gotten access to the source code for “applets installed in Samsung’s TrustZone environment,” stated TechCrunch. In addition to the source code, the group states that it has also gained access to confidential data from America-based chipmaker Qualcomm.

Also read: Nvidia confirms ransomware attack and leak of data; hacking the hacker didn't help

“According to our initial analysis, the breach involves some source code relating to the operation of Galaxy devices, but does not include the personal information of our consumers or employees,” Samsung told Bloomberg.

“Currently, we do not anticipate any impact to our business or customers. We have implemented measures to prevent further such incidents and will continue to serve our customers without disruption,” the company added.

Also read: ‘Help Ukraine’ crypto scams on the rise; here’s how to spot them

The company has not given any particulars about what data was stolen but has confirmed that the data was related to the source code of Galaxy devices. The company has also added that no personal information was stolen by the group.

Also read: 1 out of 61 organisations hit by ransomware every week: Study

“We were recently made aware that there was a security breach relating to certain internal company data. Immediately after discovering the incident, we strengthened our security system,” a Samsung spokesperson told CNBC.

“According to our initial analysis, the breach involves some source codes relating to the operation of Galaxy devices, but does not include the personal information of our consumers or employees.”

Also read: Google warns crypto miners are hacking users' cloud accounts

Recent attacks by Lapsus$ seem to highlight some underlying plan which targets big tech companies with two back-to-back attacks on Samsung on Nvidia, two of the biggest tech companies in the world. The group is thought to be from South America and/or Brazil due to their early string of attacks on Brazilian authorities.

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ExxonMobil-led consortium to continue seismic research for gas off Crete, says Greece
ExxonMobil-led consortium to continue seismic research for gas off Crete, says Greece
Oct 10, 2024
ATHENS (Reuters) - An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday. Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said that the consortium of ExxonMobil ( XOM ) and Hellenic Energy have acquired a total of 7,789 kilometres of two-dimensional...
Deutsche Telekom focuses on growth, to raise dividend
Deutsche Telekom focuses on growth, to raise dividend
Oct 10, 2024
GDANSK, Oct 10 (Reuters) - Deutsche Telekom expects its net revenue to grow by an average of 4% per year through 2027, driven by artificial intelligence and a data-focused business model, it said on Thursday. We are initiating the next stage, said CEO Tim Hoettges ahead of the start of the company's two-day Capital Markets Day later on Thursday. The...
German cartel office ends proceedings against Meta
German cartel office ends proceedings against Meta
Oct 10, 2024
BERLIN, Oct 10 (Reuters) - German cartel authorities ended proceedings against Meta over how personal data is used after intensive discussions that led to the U.S. owner of Facebook and Instagram agreeing to take measures addressing the concerns, they said on Thursday. The key point here is that using Facebook no longer requires consent to the unlimited collection and allocation...
ExxonMobil-led consortium to continue seismic research for gas off Crete, says Greece
ExxonMobil-led consortium to continue seismic research for gas off Crete, says Greece
Oct 10, 2024
ATHENS, Oct 10 (Reuters) - An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday. Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said that the consortium of ExxonMobil ( XOM ) and Hellenic Energy have acquired a total of 7,789 kilometres...
Copyright 2023-2026 - www.financetom.com All Rights Reserved