![]() It has to be mentioned that the semiconductor manufacturing equipment industry is a special case. Of all the component shortages we’ve seen in recent years, by far the most severe has been for certain semiconductors, aka chips. There is no good time for a ransomware attack, but this one comes with very bad timing. Instead of them attacking their target directly, they go for the weakest link in that company’s supply chain: a vendor that may not have as secure a system as their main target. While we have talked at length about the risks of getting infected through your supply chain, this incident goes to show that even if none of your systems themselves get infected, an attack at one of your suppliers can have significant financial repercussions for your organization.Ī supply chain attack is, essentially, another way for attackers to compromise their target company. More details about the attack have not yet been released, but we will keep you informed when we learn more about it. The full scope of the costs and related impacts of this incident, including the extent to which the company’s cybersecurity insurance may offset some of these costs, has not been determined. MKS said the attack has impacted the company’s ability to process orders, ship products, and provide service to customers in the company’s Vacuum Solutions and Photonics Solutions Divisions. On February 16, 2023, MKS filed notice of a data breach after learning of the ransomware attack that resulted in sensitive employee information being made accessible to an unauthorized party. “negative estimated impact of $250 million dollars related to a cybersecurity event recently announced by one of our suppliers”Īnd although Applied Materials did not name the supplier, it's thought that the victim is MKS Instrument Inc a vendor that a week ago said a ransomware attack would force it to delay the release of its own quarterly results. ![]() ![]() In the announcement of first quarter results and the second quarter forecast Applied Materials mentions a: Applied Materials, one of the world’s leading suppliers of equipment, services, and software for the manufacture of semiconductors, has warned that its second-quarter sales are likely to be hurt to the tune of $250 million due to a cybersecurity attack at one of its suppliers.
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