cyber
confidence high
sentiment negative
materiality 0.50
Microchip Technology provides update on Aug. 20 cyber incident; systems restored, employee data accessed
MICROCHIP TECHNOLOGY INC
- Unauthorized party disrupted servers; operations substantially restored, customer orders processing for over a week.
- Accessed employee contact info and some encrypted/hashed passwords; no customer/supplier data identified.
- Unauthorized party claims to have posted certain data; company investigating with outside experts.
- Company does not believe incident is reasonably likely to materially impact financial condition or results.
- Notified employees, law enforcement, and regulators; investigation ongoing.