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LG Energy Solution, a major global battery producer, has confirmed that it was targeted by a ransomware attack after Akira, a hacking group claimed to have stolen a significant amount of company information.
A representative from the South Korea-based firm stated that the event impacted only one foreign facility and did not affect the headquarters or any other international locations. The organisation managed numerous facilities on various continents, comprising eight in North America. The impacted area returned to normal operations after recovery efforts. The company has enforced additional security protocols and continued its investigations.
The representative of LG Energy Solutions refused to disclose details regarding the breach. LG Energy Solutions is a branch of the Korean conglomerate LG, with impressive earnings of US$17.5 billion in revenue in 2024. It supplies batteries to leading car manufacturers.
On Monday, the Akira ransomware group added LG Energy Solution to its leak site, claiming it had carried out the attack and allegedly stolen 1.7 terabytes of data, including corporate documents, employee databases, and other confidential information. On November 13, the FBI released a statement designating Akira as major hacking group. The group has gathered over US$244 million in ransomware payments, earning it immense notoriety. The warning added that the Akira Group was focusing on manufacturing companies and other essential sectors.
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Rising Wave of Cyberattacks
The increasing strategic significance of battery manufacturing has turned the industry into a common target for cybercriminals. German battery manufacturer Varta AG faced weeks of operational turmoil after a cyberattack last year. Also in 2024, hackers stole $60 million from a key supplier of essential battery components, Orion.
Recently, South Korea’s largest cryptocurrency exchange, Upbit, suffered a loss of around $32 million in a significant security breach. Officials have strong reasons to believe that the infamous North Korean hacking organisation, the Lazarus Group, is to blame. The hackers appear to have compromised an administrative account to facilitate the unauthorised transactions.
This event highlights the growing danger from state-linked cyber criminals, with experts cautioning that the misappropriated money probably aids hazardous initiatives like North Korea’s illegal weapons projects, terrorism, and other types of crime.
