Navitas Semiconductor Hit by 110.9 GB Ransomware Attack
Ransomware Attack on Navitas Semiconductor by Hunters International
Navitas Semiconductor, a pioneering company in the field of power electronics, has recently fallen victim to a ransomware attack orchestrated by the Hunters International group. The attackers claim to have exfiltrated 110.9 GB of sensitive data, posing significant risks to the company's operations and data security.
About Navitas Semiconductor
Founded in 2014 and headquartered in El Segundo, California, Navitas Semiconductor specializes in next-generation power semiconductors. The company is renowned for its GaNFast™ power integrated circuits (ICs) and GeneSiC™ power devices, which leverage gallium nitride (GaN) and silicon carbide (SiC) technologies. These innovations are critical in sectors such as electric vehicles, data centers, renewable energy, and consumer electronics. Navitas employs approximately 314 people and reported revenues of $79.46 million for the fiscal year ending in December 2023.
Attack Overview
The ransomware group Hunters International has claimed responsibility for the attack on Navitas Semiconductor. The group announced the breach on their dark web leak site, stating that they had infiltrated the company's systems and exfiltrated 110.9 GB of sensitive data. This breach underscores the growing threat of ransomware attacks in the tech industry, particularly targeting companies with valuable intellectual property and sensitive data.
About Hunters International
Hunters International is a Ransomware-as-a-Service (RaaS) group that emerged in Q3 of 2023, shortly after the disruption of the Hive ransomware group. The group's ransomware code shares significant overlap with Hive, suggesting a technical lineage. Hunters International focuses on data exfiltration and extortion, targeting victims across various regions without a specific industry focus. The group has been linked to Nigeria through domain registrations and email addresses, although they use deceptive methods to conceal their true origins.
Potential Vulnerabilities
Navitas Semiconductor's focus on cutting-edge semiconductor technologies makes it a lucrative target for ransomware groups. The company's extensive intellectual property, including over 250 patents, and its significant market presence in sectors like electric vehicles and data centers, increase its attractiveness to cybercriminals.
See Halcyon in action
Interested in getting a demo?
Fill out the form to meet with a Halcyon Anti-Ransomware Expert!