Kulicke & Soffa announces cybersecurity incident, investigation ‘ongoing’

In a regulatory filing, Kulicke & Soffa disclosed that on May 12, 2024, it detected unauthorized access attempts into its network and servers. On the same day, following detection of the external threat, the company’s cybersecurity team, together with leading third party cybersecurity experts, immediately took actions to contain and isolate the affected servers, and prevent further intrusion. The investigation to assess the complete nature, scope and impact of the incident, including coordination with law enforcement, remains ongoing. However, as of the date of this filing, based on the current status of our investigation and as confirmed by the company’s cybersecurity experts, the company does not have reason to believe that any data exfiltration has occurred. The company also does not believe the incident is reasonably likely to materially impact the company’s financial condition, results of operations, or ability to meet its fiscal third quarter 2024 business outlook. Disruptions to the company’s business operations were limited due to robust isolation, back-up and recovery efforts. The company’s continuity planning strategy allowed for operational activities and servicing of customers to continue with minimal disruptions.