November 6, 2024 at 07:27AM Microchip Technology’s recent financial report highlights a $21.4 million expense linked to a ransomware attack. The company’s financial performance has been impacted by this cybersecurity incident, which is detailed in the report. **Meeting Takeaways:** 1. **Financial Impact**: Microchip Technology has reported expenses of $21.4 million related to a recent ransomware … Read more
September 5, 2024 at 07:12AM Microchip Technology confirmed a recent ransomware attack resulting in stolen personal and other data. The company isolated the affected systems and filed an 8-K Form with the SEC, confirming the breach. Although certain data was stolen, the full extent of the impact and validity of ransomware group’s claims are still … Read more
September 4, 2024 at 06:06PM Microchip Technology Inc. has reported that employee data was stolen in a cyberattack in August. The attack was attributed to the Play ransomware gang. Based on the meeting notes, it appears that Microchip Technology Incorporated has confirmed that employee information was stolen from systems compromised in a cyberattack in August. … Read more
August 29, 2024 at 06:07AM The Play ransomware group has leaked gigabytes of data allegedly stolen from semiconductor supplier Microchip Technology. The cyberattack disrupted manufacturing operations, impacting order fulfillment. The leaked data includes personal information, financial documents, and the group threatens to release more unless a ransom is paid. The group has targeted other organizations … Read more
August 21, 2024 at 05:18AM US semiconductor supplier Microchip Technology disclosed a cyberattack impacting its manufacturing facilities. The company detected suspicious activity on its IT systems on August 17, affecting some operations. It isolated affected systems, called in cybersecurity advisors, and is working to restore normal business operations. It’s unclear whether the attack will have … Read more
August 20, 2024 at 09:22PM Microchip Technology disclosed an unauthorized party disrupting its server use and business operations, impacting manufacturing facilities and order fulfillment. Actions were taken to contain the incident, with external cybersecurity advisors involved. The cause and extent of the disruption remain undisclosed, raising concerns given the company’s critical role in supplying chips … Read more