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Friday, October 4, 2024

A Cyberattack Disrupted Operations of U.S. Chipmaker Microchip Technology

U.S. chipmaker Microchip Technology suffered a cyberattack that disrupted operations at several of its manufacturing plants. The company detected potentially suspicious activity involving its IT infrastructure on August 17, 2024.

The attack severely impacted the production capacity of the company that shut down or isolate some systems to contain the incident. Microchip Technology launched an investigation into the security breach with the help of external cybersecurity experts. The chipmaker confirmed that the attack impacted its ability to fulfill orders.

“On August 17, 2024, Microchip Technology Incorporated (the “Company”) detected potentially suspicious activity involving its information technology (“IT”) systems. Upon detecting the issue, the Company began taking steps to assess, contain and remediate the potentially unauthorized activity. On August 19, 2024, the Company determined that an unauthorized party disrupted the Company’s use of certain servers and some business operations. The Company promptly took additional steps to address the incident, including isolating the affected systems, shutting down certain systems, and launching an investigation with the assistance of external cybersecurity advisors.” reads the FORM 8-K report filed with Securities and Exchange Commission (SEC). “As a result of the incident, certain of the Company’s manufacturing facilities are operating at less than normal levels, and the Company’s ability to fulfill orders is currently impacted.”

Read the rest of the story at security affairs.

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