WDC - Western Digital slips as it discloses network security incident

2023-04-03 10:40:09 ET

• Western Digital ( NASDAQ: WDC ) shares slipped fractionally on Monday as the data storage company disclosed it had incurred a "network security incident" that impacted some of its business operations.
• In a statement , Western Digital ( WDC ) said an "unauthorized third party" gained access to some of its systems and illegally obtained certain data and access to some of its systems. The company is working with law enforcement and security and forensic experts on the matter to determine the size and scope of the breach.
• Western Digital ( WDC ) added that the incident may result in additional disruptions to its business and would continue to secure its operations and provide updates as appropriate.
• In February, investment firm Mizuho Securities upgraded Micron, Seagate and Western Digital ( WDC ), citing "improving structural trends" in the memory market .

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