- Key Apple Inc (NASDAQ:AAPL) supplier Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, was hit by a ransomware attack on May 31, the Bleeping Computer reports.
- The attack disrupted operations at one of Foxconn’s Mexico-based production plants.
- The Foxconn Baja California plant produced medical devices, consumer electronics, and industrial operations, the TechCrunch reports.
- Also Read: President Biden to Discuss Ransomware Attack Solutions with Putin at June 16 Geneva Meet: Reuters
- The factory was gradually returning to normal, acknowledged Foxconn.
- Foxconn, which did not disclose details regarding ransom demands, saw a minimal impact on its overall operations from the disruption.
- The operators of the LockBit claimed responsibility for the May 31 attack and threatened to leak the stolen data pending a ransom by June 11.
- In December 2020, the DoppelPaymer ransomware attacked some of Foxconn’s U.S.-based systems, demanding a ransom of $34 million in Bitcoin.
- Companies ranging from Microsoft Corp (NASDAQ: MSFT), Nvidia Corp (NASDAQ: NVDA) to Vodafone Group Plc (NASDAQ: VOD) were victims of data breaches which increased radically as the world moved online following the pandemic.
- Photo by S. Hermann & F. Richter from Pixabay.
Broadcom Q4 EPS $7.81 Beats $7.74 Estimate, Sales $7.41B Beat $7.36B Estimate
Broadcom (NASDAQ:AVGO) reported quarterly earnings of $7.81 per share which beat the analyst consensus estimate of $7.74 by 0.9 percent. This is a 22.99 percent increase over earnings of $6.35 per share from the same
