RansomHouse Extortion Group Claims AMD as Its Latest Victim

AMD said it is investigating a potential data breach after RansomHouse, a relatively new data cybercrime operation, claims to have extorted data from the U.S. chipmaker. From a report: An AMD spokesperson told TechCrunch that the company 'is aware of a bad actor claiming to be in possession of stolen data,' adding that 'an investigation is currently underway.' RansomHouse, which earlier this month claimed responsibility for a cyberattack on Shoprite, Africa's largest retailer, claims to have breached AMD on January 5 to steal 450 GB of data. The group claims to be targeting companies with weak security, and claimed it was able to compromise AMD due to the use of weak passwords throughout the organization.

'An era of high-end technology, progress and top security... there's so much in these words for the crowds. But it seems those are still just beautiful words when even technology giants like AMD use simple passwords to protect their networks from intrusion,' RansomHouse wrote on its data leak site. 'It is a shame those are real passwords used by AMD employees, but a bigger shame to AMD Security Department which gets significant financing according to the documents we got our hands on -- all thanks to these passwords.' Brett Callow, a ransomware expert and threat analyst at Emsisoft, told TechCrunch there's no reason to doubt the group's claims.

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