2020-06-16 MAXLINEAR, INC Cybersecurity Incident

Page last updated on April 11, 2024

MAXLINEAR, INC initially disclosed a cybersecurity incident in an SEC 8-K filing on 2020-06-16 08:31:40 EDT.

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date:
Disclosure Date: 2020-06-16
Contained Date:
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2020-06-16

MAXLINEAR, INC filed an 8-K at 2020-06-16 08:31:40 EDT
Accession Number: 0001288469-20-000139

Item 7.01 Regulation FD Disclosure.

On June 16, 2020 MaxLinear, Inc. announced a security incident resulting from a Maze ransomware attack affecting certain but not all operational systems within our information technology infrastructure. The ransomware attack has not materially affected our production and shipment capabilities, and order fulfillment has continued without material interruption. We have no plans to satisfy the attacker’s monetary demands. On June 15, 2020, the attacker released online certain proprietary information. We have engaged a third party capable of safely evaluating information posted on malicious websites to advise us with respect to the content of the information posted.

MaxLinear’s internal information technology team, supplemented by a leading cyber defense firm, has been actively taking steps to contain and assess this incident. We have been able to reestablish certain affected systems and equipment, and this work is on-going. Although we have incurred and will incur incremental costs as a result of forensic investigation and remediation, we do not currently expect that the incident will materially or adversely affect our operating expenses. We carry cybersecurity insurance, subject to applicable deductibles and policy limits. We have also engaged with the appropriate law enforcement authorities.

The information in this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

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