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Microchip Technology Reports $21.4M Expense From August Cyberattack
Incident Response, Learnings
November 13, 2024
Cybersecurity Dive
Microchip Technology revealed a $21.4 million cost incurred from a cyberattack in August 2024 in its quarterly report. SVP and CFO Eric Bjornholt stated that most of the expenses were due to the underutilization of factories caused by the incident.
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Microchip Technology
Factory Outages
Incident Response Costs
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