Microchip Technology Details

    Organization Logo

    Microchip Technology

    Phoenix, Arizona19000 employees • Technology

    https://www.microchip.com/
    United States

    Industry

    Technology

    Security Incidents

    1

    Microchip Technology Inc. is a leading American manufacturer of microcontroller, mixed-signal, analog, and Flash-IP integrated circuits. The company was founded in 1987 as a spinoff from General Instrument, and it has since grown to provide a wide range of cutting-edge products for embedded control applications. Microchip's primary purpose is to provide microcontrollers and integrated circuits designed for a broad array of applications across various industries, including automotive, industrial, telecom, and consumer electronics.

    Throughout its history, Microchip Technology has expanded its c...
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    Security Incidents

    Microchip Technology Breach of Aug 2024
    Severity Score
    Moderate to Significant

    Type

    Ransomware Attack

    Summary

    On August 17, 2024, Microchip Technology detected suspicious activity within its IT systems, leading to disruptions at several manufacturing plants. In response, the company shut down or isolated affected systems, which significantly reduced production capacity. By August 19, unauthorized parties were confirmed to have breached specific servers, impacting business operations and the fulfillment of customer orders.

    Microchip Technology engaged external cybersecurity experts to investigate and mitigate the breach. The Play ransomware group later claimed responsibility for the attack, listing th...
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    Severity

    The cyberattack on Microchip Technology caused notable disruption through a ransomware incident that required shutting down several systems, leading to a temporary halt in production and order fulfillment. Although no customer or supplier data was compromised, the attackers did manage to exfiltrate employee contact information, IDs, and various business and financial documents, including some encrypted and hashed passwords. The operational impact was significant, with downtime and delays, but the company has restored critical IT systems and resumed normal operations. The long-term financial im...
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    Impact

    The cyberattack on Microchip Technology was a classic case of a ransomware incident that had quite a ripple effect. The attack mandated the shutdown of several systems to contain the threat, leading to a temporary reduction in production capacity, which impacted the company's ability to fulfill orders promptly.

    Although there wasn't any exposure of customer data or theft of internal company data and intellectual property, the Play ransomware group did manage to exfiltrate employee contact information, IDs, and various business and financial documents, including some encrypted and hashed pass...
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