SEATTLE / LONDON (IT BOLTWISE) – US cybersecurity firm F5 saw its share price fall dramatically by 10% after a sophisticated state-backed hacker attack on its systems was revealed. The attack, attributed to Chinese hackers, gave the attackers undetected access to sensitive data for over a year.
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The cybersecurity company F5, known for its security solutions in the corporate sector, is in the public eye after a massive cyber attack. The attack, carried out by a sophisticated state actor, caused F5 shares to plunge 10%. The development marks the biggest decline since April 2022, when shares fell 12.8%.
The attack targeted the development environment of F5’s BIG-IP product, giving the hackers access to source code and information about previously unknown vulnerabilities. According to industry reports, the attack is attributed to hackers from China who operated undetected in F5’s systems for over a year. The malware used in this attack is known as Brickstorm and is associated with the UNC5221 threat group.
The Cybersecurity and Infrastructure Security Agency (CISA) responded immediately with an emergency directive requiring all agencies to install the latest security updates for F5 software. This action underscores the urgency with which the threat is being addressed, as the vulnerabilities could have potentially catastrophic impact on critical information systems.
F5 assured its customers that no new unauthorized activity has been identified and that there are no known critical or removed code vulnerabilities. However, concerns remain that similar attacks could spread to other organizations, underscoring the importance of robust security measures.
The UK’s National Cyber Security Center has also issued advisories urging customers to install security updates and remain vigilant against threats. These events highlight the ongoing threat of state-sponsored cyberattacks and the need to continually invest in cybersecurity.
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