Despite all the global focus and chest-thumping over cyber security, hackers still have a way of getting hold of crucial corporate data. This time around, it’s the turn of chipmaker Advanced Micro Devices (NASDAQ:AMD). The company is investigating a potential data breach after a threat actor put its data up for sale.
AMD’s Sensitive Data Exposed
According to Bleeping Computer, IntelBroker, a moderator on the Breach Forums platform, has posted some screenshots of AMD’s data. The stolen data files include details of AMD’s upcoming products, customer databases, source code, and employee databases.
Another social media post on X by the Dark Web Informer revealed that the breached employee database included workers’ user ID details, job functions, and contact details. In the past, IntelBroker has been linked to a data breach revealing personal details of U.S. House of Representatives members and a breach of the Europol Platform for Experts (EPE).
AMD’s Response
Meanwhile, AMD noted that it is looking into IntelBroker’s claims. The company is working with government officials and a third-party hosting partner to investigate the claim.
Is AMD a Buy, Sell, or Hold?
The chatter of the data breach could potentially weigh on AMD’s share price, which is already down by nearly 15% over the past three months. Overall, the Street has a Strong Buy consensus rating on the stock, alongside an average AMD price target of $191.03.
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