On May 24, 2020, MaxLinear discovered a security incident involving unauthorized access to some of their systems that began on approximately April 15, 2020. The U.S. provider of integrated radio-frequency analog and mixed-signal semiconductor solutions for broadband communications was hit by a Maze ransomware attack.
The data breach compromised the personally identifiable and financial information of the company’s 739 employees, including:
MaxLinear notified its employees of the cyberattack on June 20, 2020. The company claims to have taken measures to safely restore systems in a manner that protects the security of information on its systems, including an enterprise-wide password reset. They are offering employees free credit monitoring services for one year and encouraging them to review their credit reports regularly for any suspicious activity or misuse of their information.
Maze is a sophisticated strain of Windows ransomware that has infiltrated companies and organizations around the world. It can spread across a corporate network, infecting the computers it finds and encrypting data so that it becomes inaccessible to the organization. Maze then steals the data for hackers who demand a cryptocurrency payment in exchange for the safe recovery of encrypted data.
On June 15, Maze Ransomware reportedly leaked 10.3GB of accounting and financial information out of the over 1TB of data allegedly stolen before encrypting MaxLinear's systems.
According to MaxLinear, the attack did not affect shipment, order fulfillment, and production capabilities, and MaxLinear does not intend to pay the ransom Maze Ransomware requested to stop leaking the stolen data.
Based in Carlsbad, California, MaxLinear was founded in 2003 and now boasts more than 1500 patents, 2 billion units delivered, and a net revenue of $62 million for the first quarter of 2020.
If you are an employee of MaxLinear and have received a NOTICE OF DATA BREACH, contact the Arnold Law Firm at (916) 777-7777 to discuss your situation and possible legal options.
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