Applied Materials

In February 2023, Applied Materials, a multi-billion dollar American corporation in the manufacturing industry, faced a significant cybersecurity threat. A ransomware attack targeted a supplier vital to the company’s operations. The attack's repercussions were substantial, forcing the company to navigate through unprecedented disruptions. As a result, Applied Materials estimated the financial impact of this ransomware attack to be around $250 million. This incident underscores the vulnerabilities within the supply chain and the rising risks of cyberattacks that can lead to severe financial losses for companies. It also highlights the importance of having robust security strategies to mitigate such threats.

Source: https://www.ekransystem.com/en/blog/5-industries-most-risk-of-data-breaches

TPRM report: https://scoringcyber.rankiteo.com/company/applied-materials

"id": "app106050824",
"linkid": "applied-materials",
"type": "Vulnerability",
"date": "02/2023",
"severity": "100",
"impact": "5",
"explanation": "Attack threatening the organization’s existence"

{'affected_entities': [{'industry': 'Manufacturing',
                        'location': 'American',
                        'name': 'Applied Materials',
                        'size': 'Multi-billion dollar',
                        'type': 'Corporation'}],
 'date_detected': 'February 2023',
 'description': 'In February 2023, Applied Materials, a multi-billion dollar '
                'American corporation in the manufacturing industry, faced a '
                'significant cybersecurity threat. A ransomware attack '
                'targeted a supplier vital to the company’s operations. The '
                "attack's repercussions were substantial, forcing the company "
                'to navigate through unprecedented disruptions. As a result, '
                'Applied Materials estimated the financial impact of this '
                'ransomware attack to be around $250 million. This incident '
                'underscores the vulnerabilities within the supply chain and '
                'the rising risks of cyberattacks that can lead to severe '
                'financial losses for companies. It also highlights the '
                'importance of having robust security strategies to mitigate '
                'such threats.',
 'impact': {'financial_loss': '$250 million',
            'operational_impact': 'Unprecedented disruptions'},
 'lessons_learned': 'Vulnerabilities within the supply chain and the rising '
                    'risks of cyberattacks that can lead to severe financial '
                    'losses for companies. Importance of having robust '
                    'security strategies to mitigate such threats.',
 'title': "Ransomware Attack on Applied Materials' Supplier",
 'type': 'Ransomware'}