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

• Om Monday, Western Digital Corp (NASDAQ: 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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