The 2021 Cybersec conference kicked off in Taipei Tuesday with cybersecurity experts and security officials attending the annual event expected to discuss the growing digital threats facing governments and companies worldwide.
According to local media reports, Taiwan's President Tsai Ing-wen and a representative from the American Institute in Taiwan will be attending. The American Institute is the de facto U.S. embassy in the country.
The main topic of discussion during the annual event will be the recent rise in the number of cyberattacks on Taiwanese companies supplying major multinational corporations such HP, Apple, and Dell.
Officials are also expected to thoroughly discuss the recent ransomware cyberattack on Quanta Computer - a major Taiwanese manufacturer that supplies Apple with its computing components.
The conference comes just days after Taiwan People's Party Legislator Ann Kao called on the government to come up with concrete plans to help local tech companies fight cyberattacks. Taiwanese officials said they are working closely with companies that had experienced recent attacks to come up with possible solutions.
The Taiwanese Investigation Bureau, under the Ministry of Justice, is currently heading investigations into the recent cyberattacks. The agency has yet to disclose any of its findings.
Quanta Computer has confirmed that it was the victim of a ransomware attack. The company said its overall business remains unaffected and it already in contact with relevant local authorities.
"We've reported to, and kept seamless communications with, the relevant law enforcement and data protection authorities concerning recent abnormal activities observed. There's no material impact on the company's business operation," the company said.
The perpetrator of the ransomware attack was reportedly a group called Revil, also known as Sodinokobi. The group is reportedly one of the most prolific and profitable cyber-criminal cartels in the world.
Revil reportedly stole blueprints for several of Apple's unreleased products. The group is reportedly demanding tens of millions of dollars for the return of the data. Sources citing posts on the dark web said the group is extorting a ransom from Apple directly. Apple has not made any official comments regarding the reported ransomware attack.