Ransomware Cyber Attack puts Toshiba’s 400,000TB SSD storage on hold

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Japanese NAND flash maker Toshiba has put the production of 400,000TB SSD storage on hold due to a ransomware cyber attack on its computer network of NAND Flash manufacturing. So, those hoping to grab the best SSD Deal on Black Friday may have to postpone their luck until next year.

NOTE- NAND Flash memory is a type of storage memory which doesn’t require power to retain data. Generally, this type of memory is used to manufacture USB Flash drives, SD cards, Solid state drives which can be used to store info on mobile devices, digital cameras, smartphones, hybrid hard drives and such.

Currently, only six companies are into the manufacturing of NAND flash which are Samsung, Intel, Micron, Sandisk, Toshiba, and Hynix.

Toshiba is one of those which has stopped the production of the wafers due to ransomware impact on its network. And as a result of it, we are about to face the scarcity of 100,000 wafers or around 400,000 SSD storage till Feb next year.

NOTE- According to IDC, Toshiba offers 21% of NAND Flash share produced every year.

Industry experts expected SSD price fall by next year due to an equilibrium in demand and supply. But with the production halt, we will surely face a 19% scarcity( from usual) which might exist till April next year. It might also impact the current prices of the available stock.

So, all those who expected to grab a best SSD deal for 2017 Thanksgiving Day or Black Friday, the above-mentioned news might leave you disappointed.