On the afternoon of September 6, local time, Israeli chip giant TowerJazz suddenly suffered a cyber attack, and some system servers and manufacturing departments suspended operations. Recently, according to Israeli technology media Calcalist, TowerJazz was forced to pay hundreds of thousands of dollars in "bail fees" to hackers in exchange for hackers to stop attacks on the server due to the pressure of the production line shutdown.

However, TowerJazz has an insurance plan against cyber attacks, and the insurance company will bear the related costs.

Unlike many companies that paid ransoms and did their best to keep the incident confidential, TowerJazz reported the hacking incident to the Israel Securities Authority shortly after the incident, and took precautions to shut down some servers and stop the operation of production equipment. The company resumed production almost immediately after paying the ransom.

The discontinuation of the production line is a painful blow to chip companies like TowerJazz. In addition to financial losses, the company's image has also suffered considerable damage. The cost of shutting down production lines due to ransomware attacks can be as high as millions of dollars.

Cybereason security research director Yossi Rachman said: “We usually advise compromised companies not to pay hackers. However, in many cases, the company’s losses left them with no choice but to pay. Every minute when the production line is shut down, they have to pay. The cost is higher than the cost of ransom, but law enforcement agencies do not recommend paying the ransom. If the company is fully prepared for regular backups and affiliate systems, there is no need to pay the ransom.