On August 20, 2024, Microchip Technology filed a notice with the Securities and Exchange Commission explaining that the company had experienced a cyberattack. Subsequently, Microchip Technology filed another notice with the SEC indicating that the incident resulted in an unauthorized party being able to access sensitive employee information. Microchip Technology is still investigating the incident, but if the company confirms confidential employee data was leaked, it will be required to send out data breach letters to all affected employees.

If you receive a data breach notification from Microchip Technology, it is essential you understand what is at risk and what you can do about it. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft, as well as discuss your legal options following the Microchip Technology data breach. For more information, please see our recent piece on the topic here.

What Caused the Microchip Technology Data Breach?

The Microchip Technology data breach was only recently announced, and more information is expected in the near future. However, Microchip Technology’s filings with the Securities and Exchange Commission provide some important information on what led up to the breach. According to these two filings, on August 17, 2024, Microchip Technology detected suspicious activity within its computer network. In response, Microchip Technology contained the incident and terminated all unauthorized access. The company then launched an investigation to learn more about the incident and what, if any, information may have been subjected to unauthorized access.

On August 29, 2024, Microchip Technology’s investigation revealed that an unauthorized party had attempted to gain unauthorized access, which disrupted its network operations. Once the company determined that there was attempted unauthorized access, it continued with its investigation.

Ultimately, Microchip Technology determined that it was likely that an unauthorized party obtained information that was stored on its IT systems, including employee contact information and some encrypted and hashed passwords.

After learning that sensitive consumer data was accessible to an unauthorized party, Microchip Technology reviewed the compromised files to determine what information was leaked and which consumers were impacted. This process is still underway.

Microchip Technology has confirmed the data breach but hasn’t yet filed notice with any state regulators. However, once the company’s investigation is complete, it will likely send out data breach letters to anyone who was affected by the recent data security incident. These letters should provide victims with a list of what information belonging to them was compromised.

More Information About Microchip Technology

Founded in 1989, Microchip Technology is a technology company based out of Chandler, Arizona. Microchip Technology manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits. Microchip Technology is publicly traded on the Nasdaq under the symbol “MCHP.” Microchip Technology employs more than 22,300 people and generates approximately $6.6 billion in annual revenue.