The technology world is buzzing with AMD data breach 2024 news. Tech giant AMD is facing allegations that its internal network was breached and sensitive data may have been stolen.
According to Bloomberg, AMD has taken action to investigate the breach, which was uncovered by The Cyber Express on June 18 and allegedly carried out by notorious cybercriminal Intelbroker. Here are all the details…
Scope of the AMD data breach 2024
The scope of the allegedly stolen data is vast. Details of future products, proprietary files, ROMs, software, internal communications, and source code, as well as employees’ financial records and personal information, are at risk. This threatens AMD’s competitiveness and raises concerns about intellectual property theft and corporate espionage.
Screenshots and snippets from AMD’s internal systems shared on BreachForums illustrate the potential severity of the breach.
AMD’s statement and security measures
“We are aware of the existence of a cybercriminal organization claiming to have stolen AMD data,” AMD said in a statement, confirming the allegations. The company said it is working with law enforcement and a third-party hosting partner to investigate the allegations and the significance of the data.
This breach is not AMD’s first cybersecurity issue. In 2022, the RansomHouse hacking group claimed to have extracted data from AMD’s networks. This incident prompted AMD to review and strengthen its security measures.
The growing danger of high-profile data breaches
AMD’s experience shows that high-profile data breaches are on the rise. Tech giants such as Nvidia and Gigabyte have suffered similar attacks in recent years. Such attacks damage companies’ reputations and can lead to financial losses and geopolitical consequences.
The alleged perpetrator of the breach, Intelbroker, is a dangerous cybercriminal known to be behind several high-profile cyberattacks, including infiltrating Los Angeles International Airport and compromising the security of US federal agencies. Intelbroker’s goals range from financial gain to disrupting critical infrastructure.
AMD’s case highlights that cybersecurity threats are rising, and companies must take more proactive measures against them. Given the potential impact of data breaches, it is critical for companies to increase their security investments and utilize the latest security technologies.
Featured image credit: AMD
