Both NYLIAC and NYLIFE Distributors LLC are wholly owned subsidiaries of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. NYLIFE Distributors LLC, a limited liability company organized under Delaware law and member FINRA/SIPC, is the wholesale distributor and underwriter for these products. New York Life Insurance and Annuity Corporation ("NYLIAC"), a Delaware Corporation. Best ratings, and AAA to CC for Standard & Poors ratings, and are subject to change. They are not recommendations to purchase, hold, or terminate any insurance policy or contract issued by an insurer, nor do they address the suitability of any particular policy or contract for a specific purpose or purchaser. Financial strength ratings are opinions from independent rating agencies of an insurer's financial strength and ability to pay its insurance policies and contract obligations. Also, six of our providers are rated Very Strong by Standard & Poor's, their second highest rating possible. Best, and four of them are rated A++ (less than 5% of providers achieve an A++ rating *). TSMC isn't offering any credit monitoring or identity theft services at the moment because there is a reason to suspect personal data was taken in the attack.All of our network providers are rated A+ or better by A.M. If you believe your data has been compromised, you should monitor your financial accounts and invest in a credit monitoring service to watch and protect your information. TSMC assures its customers that their personal information isn't included in the data stolen during the breach. What Should Affected Parties Do in the Aftermath of the Breach? There isn't supposedly enough personal data to harm individuals, making the stolen data less useful for cyber-attacks and identity theft. If the companies are being honest about the data taken from Kinmax, it's likely that the gang will try and sell any information it deems valuable, but not much else can be done with the data. What Will Become of the Stolen Information? The company didn't release an official statement about the data breach, and it won't be sending out individual letters to the victims, but it has spoken with news outlets explaining the situation and what occurred during the attack. On Friday, June 30, TSMC confirmed that one of its hardware suppliers was hacked by a Russian cyber gang. This data isn't highly classified and isn't that harmful to the company's everyday operations either. ![]() Much of the file data is software developed for use by customers. Both Kinmax and TSMC are confident that no personal or harmful data is included in the information leaked from the cyber attack. ![]() Most of the data taken is harmless, but some customer names are included in the files as well. What Information Was Viewed or Stolen?ĭuring the attack, the hackers gained access to Kinmax's testing environment, where they got information about the latest software releases and system installation data. We don't yet know exactly how the hackers were able to breach the Kinmax file network, but we do know that TSMC quickly severed its data connections with the organization to protect company files from further attacks. It's unclear if the company paid the ransom or not, but TSMC stated that the attack did not interfere with regular operations. After gaining a foothold in the test environment servers for the supplier, the gang demanded TSMC pay a ransom of $70 million. How Did the Attack Occur?Ī Russian-based cybercrime gang hacked into one of the hardware suppliers for TSMC. ![]() Get more details about this breach below. ![]() The gang breached one of TSMC's suppliers and quickly demanded a massive ransom for the information stolen. The organization was breached by a Russian-based hacker gang. This massive company serves millions of customers overall.Įven top-tier companies like TSMC aren't safe from cyber attacks. As the need for semiconductor chips increases, the company continues to increase in value. The organization is named of the ten most valuable companies in the world today and is a significant superpower in the electronics world. The organization was founded in 1987 and is based in Taiwan. TSMC is the world's largest semiconductor company with the greatest value.
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