Western Digital Suffers Network Security Breach; Likely To Affect Operations As It Initiates Remedial Measures

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  • Om Monday, Western Digital Corp WDC updated on a network security incident involving some of its systems.
  • On March 26, 2023, Western Digital identified a network security breach involving Western Digital's systems. 
  • An unauthorized third party accessed several of the company's systems in connection with the ongoing incident.
  • Also Read: Dish Yet To Clarify On Ransomware Attack Two Weeks Ago, Likely To Impact Beyond 10M Customers With No Easy Path To Recovery
  • Western Digital implemented remedial action and initiated an investigation with the assistance of leading outside security and forensic experts. 
  • This investigation is in its early stages, and Western Digital is coordinating with law enforcement authorities.
  • Western Digital is implementing proactive measures to secure its business operations.
  • However, the incident has caused and may continue to disrupt parts of the company's business operations.
  • Price Action: WDC shares traded lower by 1.78% at $37.00 premarket on the last check Monday.
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