F5 shares experienced their worst trading day since April 2022 after the cybersecurity company disclosed a breach by a “highly sophisticated nation-state threat actor.” The attack compromised F5’s BIG-IP product development environment, accessing source code and vulnerability information. According to reports, Chinese state-backed hackers are believed responsible for the intrusion.
Major Cybersecurity Firm Hit by Sophisticated Attack
U.S. cybersecurity company F5 saw its stock plunge 12% on Thursday following disclosure that a “highly sophisticated nation-state threat actor” gained extended access to company systems. The decline reportedly marks the stock’s worst performance since April 27, 2022, when shares fell 12.8%, according to market analysis.