lockbit3 attacks OSI laser diaode Inc.

Incident Date:

June 30, 2022

World map

Overview

Title

lockbit3 attacks OSI laser diaode Inc.

Victim

OSI laser diaode Inc.

Attacker

Lockbit3

Location

Edison, USA

New Jersey, USA

First Reported

June 30, 2022

OSI Laser Diode Inc. Suffers Ransomware Attack

Company Overview

OSI Laser Diode Inc., a pivotal player in the manufacturing of communication components and high power lasers, has been compromised by the ransomware group Lockbit3. The announcement of the attack was made on the group's dark web leak site. The company, founded in 1959 and headquartered in Plano, Texas, is a global entity with operations in China, England, Germany, Taiwan, South Korea, and Hong Kong. As a publicly traded entity on the NASDAQ under the ticker "DIOD", OSI Laser Diode Inc. is part of the Standard and Poor's Smallcap 600 and Russell 3000 Index, employing over 7,937 individuals and generating around $1 billion in annual revenue.

Vulnerabilities and Impact

The cyberattack on OSI Laser Diode Inc. underscores a growing trend of targeted ransomware incidents within the semiconductor industry. Throughout 2022, industry giants such as NVIDIA, AMD, and Samsung were also victims of similar cyber threats. These incidents typically involve data encryption, extortion, and the unauthorized release of sensitive information, including source code and proprietary data. The ramifications of such attacks are profound, potentially leading to operational disruptions, data breaches, and reputational damage. For OSI Laser Diode Inc., this particular attack might impede its product and service delivery capabilities, further exacerbating supply chain challenges.

The semiconductor industry's pivotal role in the global economic rivalry, especially between China and Taiwan, makes it a prime target for cyber espionage and attacks. This landscape necessitates that companies within this sector adopt comprehensive cybersecurity measures. These include the implementation of advanced security protocols, regular updates to software and hardware systems, and the cultivation of cybersecurity awareness among employees.

Sources

Recent Ransomware Attacks

The Recent Ransomware Attacks (RRA) site acts as a watchtower, providing you with near real-time ransomware tracking of attacks, groups and their victims. Given threat actors’ overarching, lucrative success so far, ransomware attacks have become the most ubiquitous, and financially and informationally impactful cyber threat to businesses and organizations today.

The site’s data is generated based on hosting choices of real-world threat actors, and a handful of other trackers. While sanitization efforts have been taken, we cannot guarantee 100% accuracy of the data. Attack updates will be made as source data is reported by reputable sources. By viewing, accessing, or using RRA you acknowledge you are doing so at your own risk.