Why MKS Instruments (MKSI) Shares Are Sliding Today - MKS Instruments (NASDAQ:MKSI)

On Feb. 3, 2023, MKS Instruments, Inc MKSI became aware of a ransomware event and immediately took measures to contain the incident.
MKS hired professionals to understand the impact of the attack.
MKS is in the early stages of investigating and assessing this incident.
The incident has affected specific business systems, including production-related systems.
MKS has temporarily suspended operations at certain facilities.
The full scope of this incident's costs and related impacts have not been determined.
Also Read: T-Mobile Breach Put 37M Customers At Risk, Will Likely Book Significant Expenses
Various companies, including Microsoft Corp MSFT, Okta Inc (NASDAQ: OKTA), Uber Technologies, Inc (NYSE: UBER) suffered data hacks that coincided with the pandemic when the whole world sought refuge to online activities for work, daily chores, and fun.
Price Action: MKSI shares traded lower by 4.74% at $104.06 on the last check Monday.