Intel said it was the victim of a hacker who stole financially sensitive information from its corporate website on Thursday, prompting the company to release its earnings statement ahead of schedule:
The US computer chipmaker believed an attacker had obtained advanced details about a strong earnings report it was due to publish after the stock market closed, said George Davis, chief financial officer. It published its formal earnings announcement upon discovering the problem, six minutes before the market closed. Intel’s shares rose more than 6 per cent on Thursday, including almost 2 per cent in the final 15 minutes of trading. “An infographic was hacked off of our PR newsroom site,” Mr Davis said. “We put [our earnings] out as soon as we were aware.” He did not provide more details, but said that the leak was the result of an illicit action that had not involved any unintentional disclosure by the company itself. An Intel spokesperson added: “We were notified that our infographic was circulating outside the company. I do not believe it was published. We are continuing to investigate this matter.”
At least Intel was looking for trouble and were able to take quick action upon finding it. But the fact that they got hacked is still problematic. Clearly there will be a deep dive to figure out how to make sure that this never happens again.
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This entry was posted on January 22, 2021 at 10:54 am and is filed under Commentary with tags Hacked, Intel. You can follow any responses to this entry through the RSS 2.0 feed.
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Intel Pwned By Hackers…. Forced To Release Financials Early As A Result
Intel said it was the victim of a hacker who stole financially sensitive information from its corporate website on Thursday, prompting the company to release its earnings statement ahead of schedule:
The US computer chipmaker believed an attacker had obtained advanced details about a strong earnings report it was due to publish after the stock market closed, said George Davis, chief financial officer. It published its formal earnings announcement upon discovering the problem, six minutes before the market closed. Intel’s shares rose more than 6 per cent on Thursday, including almost 2 per cent in the final 15 minutes of trading. “An infographic was hacked off of our PR newsroom site,” Mr Davis said. “We put [our earnings] out as soon as we were aware.” He did not provide more details, but said that the leak was the result of an illicit action that had not involved any unintentional disclosure by the company itself. An Intel spokesperson added: “We were notified that our infographic was circulating outside the company. I do not believe it was published. We are continuing to investigate this matter.”
At least Intel was looking for trouble and were able to take quick action upon finding it. But the fact that they got hacked is still problematic. Clearly there will be a deep dive to figure out how to make sure that this never happens again.
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This entry was posted on January 22, 2021 at 10:54 am and is filed under Commentary with tags Hacked, Intel. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.