Californian chipmaker MaxLinear hit by ‘Maze’ ransomware attack

by   |  VIEW 2965

Californian chipmaker MaxLinear hit by ‘Maze’ ransomware attack

MaxLinear, the NYSE-listed Carlsbad, California-based American hardware company, had issued a statement on Tuesday saying that the CA-based radio-frequency chipmaker had been hit by a cyberattack, while the hackers had already released some patented intel about the company online.

On top of that, in a security filing with the US SEC (Securities and Exchange Commission), the 17-year-old maker of highly integrated radio-frequency analogue and mixed-signal semiconductors, had also told that a “Maze” ransomware attack had affected some of its operational systems.

In point of fact, “Maze” ransomware attack refers to a specific type of cyberattack, one of the deadliest in nature among all, that takes control of all of the files in a network or a computer and encrypts them, which shortly follows a ransomware note that the hackers usually leave in a .txt file in each of the encrypted folders asking for a certain amount of money in exchange for the encryption key.

MaxLinear says working with a third-party for advice

Meanwhile, as some of the critical intel regarding the American hardware manufacturer had already been released into the internet, MaxLinear was quoted saying earlier on the day that the company was working with a third-party for legal suggestion regarding the contents posted online.

Apart from that, a spokeswoman for the radio-frequency chipmaker had also told on Tuesday that the company had already re-established some of its affected systems and equipment which had been affected by the ransomware attack.

Meanwhile, speaking about the recent Maze cyberattack on MaxLinear, the cybersecurity firm McAfee, apparently the oldest anti-malware program whose founder had been in hiding somewhere in Central America to prevail detention from the United States over charges of financial fraud and had offered Cuba to create a crypto-currency that would enable the US sanction-hit nation to make and receive payments bypassing the US security, said that it was usual for the hackers to release some of the preoperatory documents into the internet unless the affected company had agreed to pay them off. Nonetheless, MaxLinear added that the incident would not adversely affect its operational expenses.