Read more: securityonline.info
Semiconductor giant Microchip Technology experienced a significant cyberattack that resulted in the theft of employee data, including contact information and encrypted passwords. The Play ransomware group claimed responsibility for the attack, threatening to release more stolen data. Despite operational disruptions, Microchip Technology has largely restored its systems and operations. The attack highlights the growing trend of ransomware attacks targeting semiconductor companies, underscoring the importance of strong cybersecurity practices within the industry. The attackers may potentially attempt to extort the company. The risk of the attackers leaking the stolen data is high, which could expose employees to phishing, identity theft, and other threats. The company has contacted law enforcement and is continuing to investigate the incident.