📈 Business & Markets

A Hacker’s Guide to the Galaxy

Tuesday, Mar 8, 2022

đŸ“± Samsung confirmed yesterday that hackers breached its internal company data and gained access to some of the source codes for Galaxy smartphones and other devices, though it didn’t mention any group by name.

  • Ransomware group Lapsus$, which recently hacked multinational chip company Nvidia, claimed responsibility for the hack over the weekend.
  • In the case of its Nvidia hack, Lapsus$ threatened to leak data online unless the company removed crypto mining limits from its chips (when computing power gets cut in half if it detects it's being used for mining). 
  • So far, it’s unclear whether any similar extortion threats have been made towards Samsung.
  • The South Korean electronics giant said the hack didn’t include the personal information of any consumers or employees. It also doesn’t anticipate any impact to its business or customers.

🌎 The big picture: Global ransomware attacks increased 105% last year, per cybersecurity firm SonicWall, with incidents affecting the world’s largest meat supplier (JBS) and America’s largest fuel pipeline (Colonial Pipeline).

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