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Trio-Tech International, a California-based semiconductor testing firm, initially dismissed a ransomware attack on its Singapore subsidiary as immaterial. Days later, the company reversed course after stolen data was publicly disclosed, filing an updated 8-K with the SEC acknowledging the incident may constitute a material cybersecurity event. The company activated its incident response plan, took systems offline, engaged outside cybersecurity help, and notified Singapore law enforcement. No ransom details or responsible threat group have been identified. The case illustrates the growing ransomware tactic of pairing encryption with data exfiltration to escalate pressure on victims.

Chip tester shrugged off ransomware - then came the leak