Wave Systems Corp. (fka WAVXQ)

[Genz2]

Taiwanese Apple and Tesla contractor hit by Conti ransomware

https://www.bleepingcomputer.com/news/security/taiwanese-apple-and-tesla-contractor-hit-by-conti-ransomware/

Excerpts:

Delta Electronics, a Taiwanese electronics company and a provider for Apple, Tesla, HP, and Dell, disclosed that it was the victim of a cyberattack discovered on Friday morning.

Delta claims to be the world's largest provider of switching power supplies and reported sales of over $9 billion last year.

$15 million ransom for decrypting thousands of devices

According to negotiations between Conti and Delta (also seen by BleepingComputer), the Conti operators claim to have encrypted 1,500 servers and 12,000 computers out of roughly 65,000 devices on Delta's network.

The Conti ransomware gang asked Delta to pay a $15 million ransom for a decryptor and stop leaking files stolen from its network. Also promised a discount if the company would pay quickly.
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If only Delta had activated SEDs (Self-Encrypting Drives) with Wave SED management, and Wave VSC 2.0 to keep the files from being accessed and stolen from its network! If Wave solutions were being used extensively across organizations throughout the world, the problems in the above article (ie. stolen data, $15 million in ransom) wouldn't be happening!!
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http://www.wavesys.com/products/wave-self-encrypting-drive-management

http://www.wavesys.com/products/wave-virtual-smart-card

http://www.wavesys.com/products/embassy%C2%AE-remote-administration-server-tpm-management

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http://www.wavesys.com/contact-information

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