Western Digital Suffers Network Security Breach; Likely To Affect Operations As It Initiates Remedial Measures

Om Monday, Western Digital Corp WDC updated on a network security incident involving some of its systems.
On March 26, 2023, Western Digital identified a network security breach involving Western Digital's systems.
An unauthorized third party accessed several of the company's systems in connection with the ongoing incident.
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Western Digital implemented remedial action and initiated an investigation with the assistance of leading outside security and forensic experts.
This investigation is in its early stages, and Western Digital is coordinating with law enforcement authorities.
Western Digital is implementing proactive measures to secure its business operations.
However, the incident has caused and may continue to disrupt parts of the company's business operations.
Price Action: WDC shares traded lower by 1.78% at $37.00 premarket on the last check Monday.