July 17, 2024
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Computer Hardware

MSI Suffers $4 Million Ransomware Attack, Data Theft!

MSI just suffered a massive ransomware attack, but what's even worse: it lost a ton of critical data to hackers!

MSI Suffers Ransomware Attack and Data Theft!

On April 7, 2023, MSI (Micro-Star International) fell victim to a ransomware attack, in which hackers allegedly exfiltrated 1.5 terabytes of source codes, BIOS firmware, private keys, and other data from its servers.

In its concise form regulatory document To the Taiwan Stock Exchange (TWSE), MSI admitted it was hacked, but did not detail the circumstances or nature of the attack.

After detecting that some computer systems were being attacked by hackers, MSI's IT department has put in place an information security defense mechanism and recovery procedures. The company has also reported the anomaly to the relevant government authorities.

MSI claimed the attack had “(No) significant impact on our business in financial and operational terms currently“, but he said it was “improve the information security control measures of your network and infrastructure to ensure data security.

in a public statementMSI also urged users to obtain firmware/BIOS updates only from its official website and refrain from using other sources.

Read more : MSI users are at risk of unauthorized BIOS and firmware updates!

Hackers demand $4 million from MSI to keep them from publishing stolen data

The MSI ransomware attack and data theft appear to be carried out by the Money Message ransomware gang.

Although MSI has apparently restored the files encrypted by the Money Message ransomware, the gang now has access to approximately 1.5 terabytes of MSI’s critical data.

According Computer beepingIn conversations between Money Message and an MSI representative, the gang is seen demanding a ransom of $4 million. Otherwise, Money Message will release the stolen files.

To prove that they did indeed steal those MSI files, Money Message published screenshots of what they described as MSI Enterprise Resource Planning (ERP) databases and files containing the software's source code, private keys, and BIOS firmware.

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Warning about Money Message MSI ransomware

If Money Message publishes MSI’s sensitive data, it could not only be embarrassing for the Taiwanese company, but could also allow other threat actors to use the source code and private keys to create malware targeting its customers.

With this in mind, MSI users should only download and install BIOS software or firmware from the official MSI website.

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Dr. Adrian Wong has been writing about technology and science since 1997, and even published a book with Prentice Hall called Breaking the BIOS barrier (ISBN 978-0131455368) While I was in medical school.

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